Singapore, Jun 16 (AFP) Oil was up in Asian trade today as traders engaged in bargain-hunting after crude prices slid below USD 95 per barrel in overnight trade, analysts said.
New York's main contract, West Texas Intermediate (WTI) light sweet crude for July delivery, rose 48 cents to USD 95.29 a barrel.
Brent North Sea crude for delivery in August gained 99 cents to USD 114.00 on its first trading day.
Bargain-hunting traders were buying up crude after its overnight dip, said Victor Shum, a Singapore-based analyst at Purvin and Gertz international energy consultancy.
"Traders view this as a buying opportunity after oil prices tumbled," he told AFP.
WTI crude prices had dived more than USD 4.50 in late US trade yesterday, sinking below USD 95 as investors fretted about fresh signs of weakness in the US economy and tensions in Greece sent the dollar jumping.