Oil steadies after flirting with $104 buoyed by investor demand

  • Oil steadies after flirting with $104 buoyed by investor demand

    Oil steadies after flirting with $104 buoyed by investor demand

    Wednesday, 5th March 2008
    London: Oil was steady on Tuesday after it reached a record of almost $104 a barrel in the previous session, buoyed by investor demand for commodities as well as expectations the Organisation of Petroleum Exporting Countries (Opec) will not increase supply despite high prices.