Monday, July 9, 2007

Oil eases from 11-month high; eyes Nigeria, N.Sea

(Reuters) - London Brent crude , currently seen as a better indicator of the global market, fell 31 cents to $75.47 a barrel by 0207 GMT, reversing Monday's 16-cent gains but still within sight of the contract's all-time high of $78.65 struck August 8.




U.S. crude inched down 7 cents to $72.12 a barrel after falling 62 cents a day ago, as traders fretted that fresh refinery troubles would keep U.S. crude oil stocks flush.


Read more at Reuters.com Hot Stocks News

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