Oil Prices Steady Near 3-Month High

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Oil Prices Steady Near 3-Month High

US benchmark oil prices are little changed early in NY after closing yesterday at the highest level in three months, and just shy of a 14-year high amid signs of stronger US fuel demand despite high gas prices. The front-month WTI crude contract for July delivery trades 0.1% lower at $122.01 a barrel. “Crude oil is slightly lower after yesterday’s big run but remains well positioned to test the $125 level,” says Spartan Capital’s Peter Cardillo in a research note.