The contract rose $US1.44 on Tuesday to settle at $US118.07 a barrel. The May contract added $US1.89 to $US119.37 a barrel before expiring Tuesday.
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Cruel Oil: Steady Awhile
Oil prices have steadied in Asian trading after climbing in the previous session to a record near $US120 a barrel
Oil prices have steadied in Asian trading after climbing in the previous session to a record near $US120 a barrel.
Crude futures have risen on concerns about unstable supply, firm global demand and a weakening US dollar.
Light, sweet crude for June delivery rose 12 cents in electronic trading on the New York Mercantile Exchange, midmorning in Singapore Wednesday.
The contract rose $US1.44 on Tuesday to settle at $US118.07 a barrel. The May contract added $US1.89 to $US119.37 a barrel before expiring Tuesday.
The contract rose $US1.44 on Tuesday to settle at $US118.07 a barrel. The May contract added $US1.89 to $US119.37 a barrel before expiring Tuesday.
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