Saturday, April 12, 2008

Crude Oil Futures Closes Steady

In Nymex energy trading, crude oil futures stalled after a week of strong gains Friday, closing flat as traders squared their books ahead of the weekend.

Light, sweet crude for May delivery rose 3 cents, or 0.03%, to finish at $110.14 a barrel. Brent crude on the ICE futures exchange settled 55 cents higher at $108.75 a barrel.

Front-month May gasoline rose 1.52 cents, or 0.5%, to settle at $2.8073 a gallon. May heating oil climbed 0.35 cent, or 0.1%, to $3.1975 a gallon.

Natural gas for May delivery fell on profit-taking and finished at 19.7 cents, or 1.95%, lower at $9.901 a million British thermal units.

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