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Oil price rises past $93 after sharp drop

By Pamela Sampson
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BANGKOK (AP) — The price of oil rose Monday after sharp losses due to high supplies and weak U.S. employment figures.

Benchmark oil for May delivery was up 77 cents to $93.47 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 56 cents to close at $92.70 on Friday and was down 5 percent from midweek.

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