Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1078 Wed. June 13, 2007  
   
Business


Oil prices lower in Asia


Oil prices were lower in Asian trade Tuesday after sharp gains overnight on fresh concerns over US gasoline (petrol) supplies, dealers said.

At 11:05 am (0305 GMT), New York's main oil futures contract, light sweet crude for delivery in July, was 17 cents lower at 65.80 dollars a barrel after jumping 1.21 dollars to 65.97 dollars in late US trades Monday.