News of OPEC leaving production quotas unchanged has led to a mixed recation in oil prices in Asian trading hours. New York Mercantile Exchange's main oil futures contract, light sweet crude for delivery in April, rose to US$57.30 a barrel from US$57.11 in late trading in the US Friday, whereas Brent North Sea crude for May fell to US$60.30.
Worries over the US economy continue to keep the market jittery. However, markets gained strength as gasoline rebounded. Market players have been concerned about gasoline supplies winter wanes and summer- the peak season for driving in the US, approaches.
19-Mar-07 
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