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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (195)6/12/2001 1:09:58 AM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Monday June 11, 3:34 pm Eastern Time
Brent oil touches $30 on Iraq jitters
(UPDATE: Updates closing prices)
biz.yahoo.com

LONDON, June 11 (Reuters) - Oil prices in London marked a four-month high of $30 a barrel on Monday as dealers began worrying about the consequences of Iraq's absence from the market.

Crude also found support from an explosion over the weekend in a gasoline-making unit at a U.S. refinery. In the early morning, London Brent blend touched $30 for the first time since February, but the July contract ended up just 12 cents at $29.56 a barrel after a 94-cent jump on Friday. U.S. light crude was up 69 cents a barrel at $29.02.