Wednesday, June 6, 2007

Oil above $71, nears 9-mth high on Turkey Iraq raid

(Reuters) - London Brent crude was up 8 cents at $71.10 a barrel at 0213 GMT after rising 57 cents on Wednesday, a fifth day of gains. U.S. crude nudged up 6 cents to $66.02.




Turkey denied a report on Wednesday it had launched a major incursion into northern Iraq to crush Kurdish rebels, but a military source said troops had conducted a limited raid across the mountainous border, rattling markets.


Read more at Reuters.com Hot Stocks News

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