Wed, 11 Apr 2012 07:24:33 GMT
Crude approaches close to 8-week low
Crude oil traded close to a 8-week record low as reports showed US stockpiles increased. May crude futures slightly climbed during Asian session on Wednesday, adding USD 0.23 to USD 101.25 a barrel. The same contract fell 1.4% yesterday to USD 101.02 a record low since February 14. Brent oil to be delivered in May also gained USD 0.23 to USD