Crude Oil Gives Up Gains to Trade Little Changed in New York
By Grant Smith
March 4 (Bloomberg) -- Crude oil gave up earlier gains to trade little changed before an OPEC meeting tomorrow to review production targets.
Crude oil for April delivery traded at $102.51, up 6 cents, in electronic trading on the New York Mercantile Exchange at 1:52 p.m. Earlier, the contract rose as much as 70 cents, or 0.7 percent, to $101.77.
Brent crude for April settlement was at $100.69 a barrel, up 21 cents, on London's ICE Futures Europe exchange at 11:42 a.m. in London. The contract rose 38 cents to close at $100.48 yesterday after reaching a record intraday price of $102.29 a barrel.
To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net
Last Updated: March 4, 2008 09:04 EST
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