SINGAPORE - Oil prices held steady around $68 a barrel in Asian trading Monday on lingering concerns U.S. gasoline supplies are still not meeting peak summer demand.
Light, sweet crude for July delivery edged down 2 cents to $67.98 a barrel on the New York Mercantile Exchange midmorning in Singapore. The contract rose 35 cents to settle at $68 a barrel Friday, its highest close since September.
"There's still the ongoing problems with getting enough gasoline ready," said Tobin Gorey, a commodity strategist with the Commonwealth Bank of Australia in Sydney.
Analysts said traders continue to react to last week's report by the U.S. Energy Department's Energy …
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