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Oil floats around $US70 as US FTC tightens the screws

OIL was little changed late this week, hovering around the $US70 a barrel mark as traders wait for a key US employment report for future direction on the prospects of an economic recovery.

Marija Stojkovic

Oil floats around $US70 as US FTC tightens the screws

Last night, New York's Western Texas Intermediate slipped US3c to settle at $US71.94 a barrel. Singapore's Tapis, however, rose $1.58 to trade above $80/bbl. Oil dropped as equities declined and the...

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