gasoline stocks

Oil prices hold above $124 a barrel in Asian trade

Topix - Business News  Fri, 05/09/2008 - 16:40

"U.S. gasoline stocks have certainly dropped quite sharply over the last month"

Oil prices held close to a record above $124 a barrel Friday in Asia as bullish momentum and renewed weakening of the U.S. dollar against foreign currencies kept the commodity on its upward trend.