Light, sweet crude for June delivery was steady at $62.26 a barrel in Asian electronic trading on the New York Mercantile Exchange.
Prices had climbed Tuesday after the
Increased violence in
Traders did not react noticeably to the overnight seizure of four more foreign workers in
The latest kidnappings -- following dozens last week -- came just hours after militants staged coordinated attacks on three pipelines in the wetlands region, knocking out tens of thousands of barrels of crude oil and keeping global supply fears alive.
The weekly U.S. Energy Department report on gasoline inventories was due later Wednesday.
Analysts surveyed by Dow Jones Newswires expected the report to show gasoline stocks rose 370,000 barrels last week, on average. It would be the first increase in gasoline stocks in 13 consecutive weeks.
Unplanned outages and scheduled maintenance at refineries, sluggish imports, and strong demand have plagued gasoline supplies. There have been at least a dozen additional partial shutdowns in the
In other Nymex trading, heating oil futures dropped marginally to $1.8295 a gallon, and natural gas prices slipped 0.3 cent to $7.634 per 1,000 cubic feet.
PIN/HAARETZ.COM
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