Wednesday, April 11, 2007

Oil holds at $62 ahead of US gasoline stock data

(Reuters) - Oil prices hovered around $62 a barrel on Wednesday as the market waited for data expected to show a fall in U.S. gasoline stocks, with demand growing ahead of the busy summer months in the world's top consumer.

U.S. crude was up 1 cent at $61.90 a barrel by 1305 GMT, after a gain of 38 cents on Tuesday when the market stabilised after six straight days of falling. London Brent was up 63 cents at $68.05.


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