Sunday, June 17, 2007

Oil rises on thin US gasoline stocks, supply risks

(Reuters) - Oil prices edged up on Monday to extend last week's rally as dealers worried about supplies from Nigeria and the Middle East at a time of peak summer gasoline demand in the United States.

London Brent crude for August delivery, currently seen as more representative of the global market, rose 23 cents to $71.70 a barrel by 0153 GMT, after gaining 11 cents on Friday when it hit a 10-month high.


Read more at Reuters Africa

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