Tuesday, July 3, 2007

Oil holds below $73, gasoline supply fears support

(Reuters) - London Brent crude , currently seen as more representative of global oil prices, fell 3 cents to $72.90 a barrel by 0216 GMT, although trading activity was expected to be muted due to the U.S. public holiday.




U.S. crude slipped 23 cents to $71.18 after gaining five percent over the past five days. The New York Mercantile Exchange trading floor will be shut on Wednesday, but electronic Globex trade continues as usual.


Read more at Reuters.com Hot Stocks News

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