Friday, June 8, 2007

Crude Oil Declines From a 9-Month High on Signs of Weaker Growth in Demand

(Bloomberg) -- Crude oil fell from a nine-month high
on concern that rising interest rates may lead to slower
growth in demand.

U.S. Treasury 10-year notes are poised for their biggest
weekly decline in more than a year on concern economic growth and
inflation will encourage central banks to raise interest rates.
Gonu is dissipating after sweeping across coastal Oman and Iran.
Oman's ports, including its oil-export terminal at Mina al-Fahal,
opened today for partial operations, Gulf Agency Co. reported.


Read more at Bloomberg Energy News

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