USD 66.263

-0.52

EUR 73.4989

-0.48

BRENT 59.95

-0.36

AI-92 42.26

+0.01

AI-95 46.04

+0.02

AI-98 51.73

-0.01

Diesel 45.96

+0.01

5

Oil Prices Steady on Warmer Weather

Oil prices were steady in Asian trading Friday after falling more than US$1 in the previous session on forecasts of warmer-than-average weather in the U.S

Oil prices were steady in Asian trading Friday after falling more than US$1 in the previous session on forecasts of warmer-than-average weather in the U.S. Northeast and as shipments returned to normal in the U.S. Gulf Coast region.

Light, sweet crude for February delivery rose a penny to US$62.67 a barrel in electronic trading on the New York Mercantile Exchange, midmorning in Singapore. The contract on Thursday fell US$1.06 to settle at US$62.66 a barrel.

Meanwhile, shipping operations along the Gulf of Mexico Coast returned to normal after more than a week of disruptions due to dense fog. The delivery problem helped to create a big draw down in last week's oil stocks.