OIL PRICES RISE ABOVE US$70

CRUDE FUTURES GAINED FRIDAY IN ASIAN
TRADING AFTER SINKING MORE THAN US$2 A BARREL EARLIER THIS
WEEK ON U.S. GOVERNMENT DATA THAT SHOWED AN INCREASE IN
GASOLINE SUPPLIES, AP REPORTED.
LIGHT, SWEET CRUDE FOR JUNE DELIVERY ROSE 36 CENTS TO
US$70.30 A BARREL IN ELECTRONIC TRADING ON THE NEW YORK
MERCANTILE EXCHANGE, MID-AFTERNOON IN SINGAPORE. THE
CONTRACT ON THURSDAY SETTLED AT US$69.94, A DECLINE OF
US$2.34.
JUNE BRENT ON LONDON'S ICE FUTURES EXCHANGE GAINED 56
CENTS TO US$70.85 A BARREL.
GASOLINE FUTURES GAINED 1.49 CENTS TO US$2.0095 PER GALLON
(3.8 LITERS) WHILE HEATING OIL PRICES ADVANCED 0.78 CENTS
TO US$1.9455 A GALLON. NATURAL GAS ROSE 14.3 CENTS TO
US$7.049 PER 1,000 CUBIC FEET.