Monday, July 9, 2007

Oil eases from 11-month high, supply worries persist

(Reuters) - London Brent crude , currently seen as a better indicator of the global market, eased 14 cents to $75.48 a barrel by 0637 GMT, within sight of Friday's $76.01 peak and near its all-time high of $78.65 a barrel one year ago on July 8.




U.S. crude fell 31 cents to $72.50 a barrel, still some distance from its record high of $78.40 touched on July 14, 2006.


Read more at Reuters.com Hot Stocks News

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