Tuesday, July 3, 2007

Oil off 10-month high, upward march seen resuming

(Reuters) - Oil steadied above $72 on Tuesday after hitting a 10-month high the previous session, and analysts predicted increasing crude oil demand from U.S. refiners and technical factors would soon push prices higher.

A weak dollar, which fell to a 26-year low versus the pound, has also boosted some commodities, notably copper and gold.


Read more at Reuters Africa

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