Oil was steady Thursday in Asia after plummeting more than US$10 a barrel in the previous two sessions, the Associated Press reported. Midday in Singapore, light, sweet crude for August delivery was up 25 cents at US$134.85 a barrel in electronic trading on the New York Mercantile Exchange. Crude fell US$4.14 in the previous session to settle at US$134.60 a barrel, after earlier sinking as low as US$132. The drop followed a US$6.44 sell-off Tuesday, crude's biggest since the Gulf War. In other Nymex trade, heating oil futures rose 1.66 cents to US$3.8576 a gallon (3.8 liters) while gasoline prices added 0.86 cent to US$3.288 a gallon. Natural gas futures fell 13.2 cents to US$11.53 per 1,000 cubic feet.
