West
Texas Intermediate crude held near a three-day high and Brent was
steady in London after stronger-than-expected Chinese trade data
bolstered the economic outlook for the world��s second-biggest oil user.
U.S.
futures were little changed in New York after declining less than 0.1
percent last week. China��s exports climbed 7 percent in May from a year
earlier, the Beijing-based customs administration said yesterday. That
beat the 6.7 percent increase in a Bloomberg News survey of analysts.
Ukrainian President Petro Poroshenko, who took the oath of office June
7, said violence that rocked the country��s easternmost regions must end
this week as peace talks began with Russia.
WTI
for July delivery was at $102.70 a barrel in electronic trading on the
New York Mercantile Exchange, up 4 cents, at 7:37 a.m. Seoul time. The
volume of all futures traded was about 27 percent below the 100-day
average. Prices are up 4.4 percent this year.
Brent
for July settlement was 5 cents higher at $108.66 a barrel on the
London-based ICE Futures Europe exchange. The European benchmark crude
was at a premium of $5.96 to WTI. The spread closed at $5.95 last week.
Source : Bloomberg
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