Oil prices at highest since October 2008 in Asia

Crude oil futures are lingering near their highest level since October 2008 in Asia amid the weakening dollar and strengthening oil demand during winter. The euro jumped to US$1.3375 from US$1.3210 late Thursday. An unexpected increase in the number of unemployed Americans failed to stall oil's momentum as it cruised to a 26 month high. Light, sweet crude futures for delivery in January was at US$89.4 on the Nymex while January Brent crude on London's ICE Futures exchange rose to $91.6.
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