April delivery
Crude oil for April delivery was at $57.65 a barrel, up 10 cents, in after-hours electronic trading on the New York Mercantile Exchange at 9:15 a.m. in Sydney.
The contract declined 61 cents, or 1.1 percent, to $57.55 a barrel yesterday, the lowest closing price since Feb. 1.
Oil fell five of the past six sessions and is down 6.9 percent this month. The S&P 500 Index fell 2 percent on March 13, the second biggest one-day loss this year, after a report showed U.S. home loan defaults reached a record. The index has recovered half that loss the past two days.
The contract declined 61 cents, or 1.1 percent, to $57.55 a barrel yesterday, the lowest closing price since Feb. 1.
Oil fell five of the past six sessions and is down 6.9 percent this month. The S&P 500 Index fell 2 percent on March 13, the second biggest one-day loss this year, after a report showed U.S. home loan defaults reached a record. The index has recovered half that loss the past two days.
posted by JC | 4:25 PM
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