Wednesday, April 25, 2007

Oil steadies, support from US gasoline stock worry

(Reuters) - Oil prices steadied on Thursday over $68, after a rally on thinning U.S. gasoline stockpiles that sparked concerns over potential supply problems during the summer driving season.

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.


Read more at Reuters Africa

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