BANGKOK: The oil price hovered near US$105 a barrel Tuesday in Asia, giving back some of the previous day's gains but still near its highest level since late 2008 as battles raged between Libyan rebels and forces loyal to Moammar Gadhafi.
Benchmark crude for April delivery was down 68 cents at $104.75 a barrel at late morning Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained $1.02 to settle at $105.44 a barrel on Monday after nearly hitting $107, the highest level since Sept. 26, 2008.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
