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    Oil hovers near $93 amid US crude supply drop (AP)

    Wed, 06/29/2011 - 00:39 EDT - Yahoo! Business News
    • Business
    • YahooBizNews

    Former Cuban leader Fidel Castro (L) and Venezuela's President Hugo Chavez speak in Havana, in this handout picture taken June 28, 2011. The disappearance of the 56-year-old Chavez from public view since a June 10 operation has convulsed the volatile and politically polarized South American OPEC member nation of 29 million people. The woman seated near Chavez is his daughter Maria Gabriela. REUTERS/Revolution Studios/Cubadebate/HandoutAP - Oil prices hovered below $93 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected last week, suggesting demand is improving.

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