LONDON, April 3: World oil prices steadied on Thursday after surging by almost $4 the previous day on news that stockpiles of US motor fuel were tightening, traders said.

New York’s main oil contract, light sweet crude for delivery in May, rose 17 cents to $105 per barrel.

London’s Brent North Sea crude for May fell by 48 cents to $103.75 per barrel.—AFP