Thursday, May 31, 2007

Oil above $68 after surprise US crude stock draw

(Reuters) - Oil held steady above $68 a barrel on Friday, building on the previous day's gains after an unexpected fall in U.S. crude oil stockpiles.

London Brent crude oil currently a better indicator of the global market than U.S. oil, rose 19 cents to $68.23 a barrel by 0551 GMT, having settled up 20 cents on Thursday. U.S. crude was up 19 cents at $64.20 a barrel.


Read more at Reuters Africa

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