Oil prices steady at mid-US$117 a barrel, near overnight record
Oil prices have steadied near a record overnight close above US$117 a barrel, supported by concerns about instability in crude supplies from some producers.
By Agencies |
SINGAPORE: Oil prices have steadied near a record overnight close above US$117 a barrel, supported by concerns about instability in crude supplies from some producers.
Light, sweet crude for May delivery fell 5 cents to US$117.43 a barrel in Asian electronic trading on the New York Mercantile Exchange by midmorning Tuesday in Singapore.
The contract rose 79 cents to a record finish of US$117.48 a barrel on Monday.
The May contract expires at the end of trading Tuesday.
Light, sweet crude for May delivery fell 5 cents to US$117.43 a barrel in Asian electronic trading on the New York Mercantile Exchange by midmorning Tuesday in Singapore.
The contract rose 79 cents to a record finish of US$117.48 a barrel on Monday.
The May contract expires at the end of trading Tuesday.
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