New York, April 19 (FinanceEnquiry.com) – On Thursday, the prices of oil hovered below $103 a barrel in Asia. The US crude oil supply hiked more than expected for a fourth week, indicating weak demand.
For May delivery, Benchmark oil slipped 10 cents to $102.57 a barrel in New York Stock Exchange at midday Singapore time. On Wednesday, the contract was down $1.53 to settle at $102.67 in New York. For June delivery, Brent crude was stable at $117.97 per barrel in London.
In other energy trading, heating oil jumped 0.9 cents at $3.13 per gallon. Gasoline futures rose 0.4 cents at $3.15 per gallon. Natural gas gained 0.2 cents at $1.95 per 1,000 cubic feet.
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