Sunday, June 24, 2007

Oil slides 0.7 percent as Nigerian strike ends

(Reuters) - U.S. light, sweet crude for August delivery fell 58 cents or 0.84 percent to $68.60 a barrel, unwinding half of last week's gains that were also fuelled by concerns that U.S. refiners are struggling to meet fuel demand in the world's top consumer.




At the weekend, unions in Africa's top oil producer called off their strike after the government agreed to freeze fuel prices for a year.


Read more at Reuters.com Hot Stocks News

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