Oil Steadies Near Record Highs: Oil prices held steady near record highs in Asian trading on Thursday, boosted by a decline in US energy reserves and a weakening dollar that attracted investors to commodities, analysts said.

New York’s main oil futures contract, light sweet crude for delivery in May, was 10 US cents lower at $114.83 per barrel after a record close of $114.93 at the New York Mercantile Exchange on Wednesday.

In electronic trading after Wednesday’s session, the price crossed $115 for the first time and reached a high of $115.21.