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Oil Prices Hover Below $65 a Barrel

Oil prices were steady today on persistent concerns that U.S. refiners are not producing enough gasoline to meet peak summer demand following reports of more refinery snags, according to the Associated Press.
Light, sweet crude for June delivery edged down 10 cents to $64.76 a barrel in Asian electronic trading on the New York Mercantile Exchange mid-afternoon in Singapore, after topping $65 a barrel in early morning trading. The contract on Thursday climbed $2.31 to settle at $64.86 a barrel, the highest close this month.

Posted by   at 9:55 AM to Oil | Permalink

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