Crude Oil Gives Up Gains to Trade Little Changed in New York

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.

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- Posted: 2008-03-04 09:51:59

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