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Thursday, 11/11/2010 5:29:28 AM

Thursday, November 11, 2010 5:29:28 AM

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This is what we need!

BANGKOK (AP) -- Oil prices jumped above $88 a barrel in Asia on Thursday, boosted by news that U.S. crude and gasoline stockpiles declined last week in a sign of improving demand for fuel.

Benchmark oil for December delivery was up 59 cents at $88.40 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract added $1.09 to settle to $87.81 on Wednesday.
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