Monday, July 9, 2007

Oil rises above $76 to new 11-month high

(Reuters) - Oil prices rose to an 11-month high above $76 a barrel on Monday as rising global oil demand and North Sea field maintenance exacerbated supply worries.

London Brent crude, currently seen as a better indicator of the global market, climbed to an intraday high of $76.03 a barrel, the highest level since mid-August 2006.


Read more at Reuters Africa

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