Friday, June 23, 2006 · Last updated 2:31 p.m. PT
Oil prices hover around $71 a barrel
WASHINGTON -- U.S. oil futures were steady on Friday with little fresh news to drive trading, following gains in the two prior sessions. Prices remained above $70 a barrel, buoyed by strong global demand, a Gulf Coast shipping snag and concerns about the unresolved tension between the West and Iran.
Light sweet crude for August delivery rose 3 cents to settle at $70.87 a barrel on the New York Mercantile Exchange, where gasoline futures were up by less than a penny to close at $2.1276 per gallon.
Brent crude for August fell $1.87 to $68.08 a barrel on London's ICE Futures exchange...
Oil prices hover around $71 a barrel
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