Oil Remains Steady Around $94 per Barrel

The Associated Press reported that oil remained steady around $94 per barrel in Asia over unexpected decline in U.S. crude inventories.

As quoted in the market news:

Benchmark oil for September delivery was up 7 cents to $94.40 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange, its highest level since mid-May.

Click here to read the full The Associated Press report.