Oil hovers above USD 70 per barrel
Wednesday, Jun 17, 2009 at 1026 hrs IST Oil prices hovered above USD 70 a barrel on Wednesday in Asia as investors weighed mixed signals from the US economy amid tumbling equity markets.
Oil prices hovered above US$86 a barrel yesterday in Asia ahead of a summit this weekend where European leaders will try to agree on a plan to contain their region's debt crisis.