USD 92.2628

-0.33

EUR 99.7057

-0.56

Brent 86.99

+0.1

Natural gas 1.752

-0

482

Cruel Oil: Steady Awhile

Oil prices have steadied in Asian trading after climbing in the previous session to a record near $US120 a barrel

Cruel Oil: Steady Awhile

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.

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