Thursday, April 12, 2007

Oil hovers above $64 on U.S. gasoline supply worry

(Reuters) - The market was also supported by a caution by the International Energy Agency that oil stocks in industrialized nations may drop further in coming months, after recording the biggest first-quarter decline in a decade.

U.S. crude rose 26 cents a barrel at $64.11 by 0354 GMT, after jumping $1.84 on Thursday. London Brent for May rose 54 cents at $69.26 on its expiry day.


Read more at Reuters.com Hot Stocks News

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