Ahead of a weekly U.S. petroleum supply snapshot expected to show a rise in crude stocks, oil prices held steady after settling at their lowest level this year. Light, sweet crude for November delivery dipped marginally to US$57.51 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore.
Crude oil inventories are expected to gain by about 500,000 barrels, while stocks of distillates, which include heating oil, are forecast to gain by about 400,000 bpd.
12-Oct-06 
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