Arab Today, arab today us oil hovers above 100 despite higher supplies
Last Updated : GMT 20:28:05
Arab Today, arab today
Arab Today, arab today

US oil hovers above $100 despite higher supplies

Arab Today, arab today

Arab Today, arab today US oil hovers above $100 despite higher supplies

New York - SPA

The price of oil remained above $100 a barrel Thursday as traders held positions after a surge the day before despite a larger-than-expected increase in oil supplies, AP reported. Benchmark U.S. crude for May delivery was up 1 cent to $100.27 at 0750 GMT in electronic trading on the New York Mercantile Exchange. It jumped $1.07 the day before. Brent crude, a contract for international varieties of oil, fell 15 cents to $106.89 on the ICE exchange in London.

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