Monday, June 18, 2007

Oil falls from 10-month high, supply risks support

(Reuters) - Oil fell below $71 a barrel on Monday after rising to a 10-month high last week on concern about low fuel supplies in top fuel consumer the United States.

Threats to oil supplies in Nigeria, the world's eighth-largest oil exporter, were likely to limit the decline for prices, analysts said. A general strike is due to start in Nigeria on Wednesday.


Read more at Reuters Africa

No comments: