Analysts said traders continue to react to last week's report by the U.S. Energy Department's Energy Information Administration.
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Oil Prices Stable On Gasoline Supplies Concerns
Oil prices held steady around US$68 a barrel in Asian trading on Monday
Oil prices held steady around US$68 a barrel in Asian trading on Monday on lingering concerns U.S. gasoline supplies are still not meeting peak summer demand.
Light, sweet crude for July delivery edged down 2 cents to US$67.98 a barrel on the New York Mercantile Exchange midmorning in Singapore. The contract rose 35 cents to settle at US$68 a barrel Friday, its highest close since September.
Analysts said traders continue to react to last week's report by the U.S. Energy Department's Energy Information Administration.
Analysts said traders continue to react to last week's report by the U.S. Energy Department's Energy Information Administration.
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