China's Central Bank Cuts Interest Rates Early May

摘要

Oil prices held steady in Asia as on Monday, 11th May after an interest rate cut by China boosted demand hopes in the world's top energy consumer, while a healthy US jobs report also provided support, analysts said. US benchmark West Texas Intermediate for June delivery eased eight cents to $59.31 while Brent crude for June rose two cents to $65.41 in late-morning trade.