Monday, June 11, 2007

Crude Oil Declines After Gains on Saudi Arabia Cutting Shipments to Asia

(Bloomberg) -- Crude oil fell after rising yesterday
on signs the Organization of Petroleum Exporting Countries may
extend production cuts to trim global stockpiles.

Crude oil for July delivery fell as much as 21 cents, or 0.3
percent, to $65.76 a barrel in after-hours electronic trading on
the New York Mercantile Exchange. The contract traded at $65.82 a
barrel at 11:13 a.m. in Singapore.


Read more at Bloomberg Commodities News

No comments: