Monday, 14 May 2007

Oil remains steady, US stockpiles seen rising

(Reuters) - Oil prices steadied on Tuesday, as fears about supply disruptions were countered by forecasts that U.S. inventory data will show higher stockpiles ahead of peak summer demand.

London Brent crude for June, which expires on Wednesday, was 12 cents up at $66.95 a barrel by 0239 GMT. It ended unchanged on Monday after gaining a total of more than $1.50 on Thursday and Friday. U.S. crude for June gained 16 cents at $62.62 a barrel.


Read more at Reuters Africa

No comments: