Oil consolidates above $70/bl

摘要

Oil prices consolidated above $70/bl, as the market concentrated more on immediate supply and demand issues and less on worries over sovereign debt.Atlantic basin benchmark North Sea Dated gained 600/bl to $73.74/bl in the week to 3 June, while WTI was just 60/bl firmer at $74.61/bl. The ASCI price benchmark, a volume-weighted average of US deepwater sour trades, rose by$1.89/blto$74.82/bl.