Monday, July 2, 2007

Oil steadies above $71, thin US fuel stocks support

(Reuters) - Oil steadied above $71 a barrel on Monday, underpinned by falling gasoline inventories in top consumer the United States and expectations of a recovery in refinery use.

Crude was so far little moved by security concerns that rippled through financial markets after a weekend attack on a Scottish airport, weighing on European stocks and boosting government bonds.


Read more at Reuters Africa

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