Wednesday, April 4, 2007

Oil steady ahead of release of British sailors

(Reuters) - U.S. light crude for May delivery was down 9 cents at $64.29 a barrel by 0252 GMT after dropping 26 cents on Wednesday. The prompt-month U.S. contract was at a record discount to its London counterpart on a jump in U.S. crude inventories.

London Brent crude was up 10 cents at $68.50 a barrel after climbing 59 cents a day ago, still hovering near the $69.58 a barrel seven-month high it touched on Monday, when dealers feared a prolonged dispute over the Britons.


Read more at Reuters.com Hot Stocks News

No comments: