Tuesday, 26 June 2007

Oil dips on expected U.S. stockbuild, Nigeria supply

(Reuters) - London Brent crude , currently seen as the best benchmark for global oil prices, slipped 36 cents to $71.00 a barrel by 0649 GMT, after gaining 18 cents on Monday. U.S. light, sweet crude dipped 21 cents to $68.97 a barrel.




U.S. crude inventories, already at a nine-year high, are expected to have risen a further 900,000 barrels last week, according to a Reuters poll of analysts. Gasoline inventories are also expected to rise, by 1.1 million barrels.


Read more at Reuters.com Hot Stocks News

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