Oil prices stable under US$62 a barrel

08-May-07
Oil prices were flat in Asian trading on Tuesday. Light sweet crude for June delivery added 8 cents to US$61.55 a barrel in electronic trading. The contract fell 46 cents to settle at US$61.47. Heating oil futures rose 0.36 cent to US$1.8065 a gallon while natural gas prices dropped 2.5 cents to US$7.754.
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