Oil prices slipped in Asian trading on Monday, as light, sweet crude for May delivery dipped to US$66.51 a barrel in electronic trading on the New York Mercantile Exchange midmorning in Singapore.
This follows an upward surge over concerns about declining US gasoline inventories and potential supply disruptions due to tensions in oil-rich Iran and Nigeria. Last week, the crude contract surged nearly 3 dollars a barrel on supply concerns linked to US gasoline inventories falling nearly 10 million barrels in the past 4 weeks, ahead of the US summer driving season, when demand peaks.
03-Apr-06 
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