Tuesday, April 24, 2007

Oil steady, traders braced for US gasoline draw

(Reuters) - Oil prices were steady on Wednesday after profit-taking knocked them lower a day ago, with traders awaiting U.S. data that is expected to show an 11th consecutive weekly fall in gasoline stocks.

London Brent crude, for the moment seen as a more accurate reflection of world oil prices than U.S. crude, rose 15 cents to $67.31 at 0225 GMT after a 99-cent drop the day before. U.S. crude edged up 1 cent to $64.59.


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