Thursday, May 3, 2007

Oil steady after mixed US inventory picture

(Reuters) - Oil prices clawed back up on Thursday after U.S. government data showed a build in crude but a further fall in gasoline stocks ahead of peak summer demand.

London Brent crude, currently seen as more representative of global oil prices than U.S. crude, gained 18 cents to $66.43 a barrel by 0357 GMT, after dropping 75 cents on Wednesday. U.S. crude rose 4 cents to $63.72, after a 72-cent drop a day earlier.


Read more at Reuters Africa

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