Wednesday, April 25, 2007

Oil steadies, support from U.S. gasoline stock worry

(Reuters) - London Brent crude, currently seen as more representative of global oil prices than U.S. crude, inched 3 cents higher to $68.60 a barrel at 0247 GMT, after gaining $1.41 on Wednesday. U.S. crude edged 1 cent up to $65.85.

Analysts said gasoline was dragging crude prices up by the collar, and wondered if U.S. refiners could recover from a slew of disruptions and scheduled maintenance to help bolster stock levels before peak demand kicks in.


Read more at Reuters.com Hot Stocks News

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