(Reuters) - London benchmark Brent crude rose 27 cents to $70.69 a barrel by 0339 GMT, regaining its poise after a $1.42 plunge a day ago. Prices had touched a 10-month high of $72.25 on Monday.
U.S. light, sweet crude inched 5 cents higher to $68.91 a barrel, after narrowing its unusually large discount versus Brent to under $2 amid ebbing inventories in the Cushing, Oklahoma, delivery point for the contract.
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U.S. light, sweet crude inched 5 cents higher to $68.91 a barrel, after narrowing its unusually large discount versus Brent to under $2 amid ebbing inventories in the Cushing, Oklahoma, delivery point for the contract.
Read more at Reuters.com Hot Stocks News
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