Monday, March 26, 2007

Oil holds below $63 after hitting 2007 high

(Reuters) - Oil held below $63 on Tuesday after hitting a 2007 high the previous day on the widening political dispute between Iran and the West and concerns over supply in the United States due to refinery glitches.

U.S. light, sweet crude for May delivery was trading down 11 cents at $62.80 a barrel by 0408 GMT, while Brent crude shed 8 cents to $64.33.


Read more at Reuters Africa

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