Asian crude prices rise

Asian crude prices rise

TOKYO (Dow Jones): The average pricing standard of the Tokyo
Commodity Exchange Asian Petroleum Index, or Tapix, rose Thursday
by 32 cents a barrel from Wednesday's level to US$23.91 per
barrel, according to Tocom, Japan's largest commodity futures
exchange.

Tapix Light & Sweet was at $24.90 per barrel Thursday, up 56
cents from Wednesday, while Light & Sour was $23.27 per barrel up
11 cents.

Heavy & Sweet for Thursday was $24.47 per barrel, up 52 cents,
and Heavy & Sour was $22.84 per barrel up 7 cents from Wednesday.

Tapix is publicized as five dollar-denominated pricing
standards defined by sulfur content and API gravity, comprising
Average (API 35 and 1 percent sulfur), Light & Sweet (API 40 and
0.1 percent sulfur), Light & Sour (API 40 and 2 percent sulfur),
Heavy & Sweet (API 30 and 0.1 percent sulfur) and Heavy & Sour
(API 30 and 2 percent sulfur).