Tuesday, August 07, 2007

Oil prices remain range bound

Mixed analysis of U.S. fuel stocks data has allowed oil prices to remain flat, after the previous session's moderate rise. Light, sweet crude for September delivery rose by barely 2 cents to US$76.88 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. September Brent crude slipped to US$75.68 a barrel on the ICE futures exchange in London.

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