Nymex crude steadies while market mulls next step after 7.3% drop over two days; analysts caution that prices may have yet to peak given tight fundamentals. "We would state our usual caution against reading too much into two days' pricing activity...(although) we look for some additional selling," says Jim Ritterbusch at Ritterbusch and Associates; "here we look for support to hold at about the $130 level per nearby crude, with this week's highs near record levels providing an upside possibility as far as next week's trade is concerned." August crude up 43 cents on Globex at $135.03/bbl.
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