Tuesday, 26 June 2007

Oil drops $1, eyes on US stocks, Nigeria exports

(Reuters) - Oil fell $1 a barrel on Tuesday as investors weighed ample fuel stocks in top consumer the United States and the potential for higher Nigerian crude exports.

London Brent crude, now a better gauge of the global market than U.S. oil, dropped $1.04 to $70.32 a barrel by 1419 GMT, after gaining 18 cents on Monday. U.S. crude slid $1.05 cents to


Read more at Reuters Africa

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