Oil prices go up in Asian Trading

Oil prices are going up in the Asian Market following reduction in the dollars value. The oil prices went up three and half dollars last day. In London Brent North Sea the deal was done in US$70.61 per barrel. Dealers said that buying was witnessed in the oil market after the news of improvement in global recession that resulted in addition of the prices. The decrease in dollars value against other currencies has also positively affected the oil market.