Wednesday, April 11, 2007

Oil below $62, shrugs off US gasoline stock drop

(Reuters) - Oil slipped below $62 a barrel on Thursday, failing to gain ground despite a sharp fall in U.S. gasoline inventories as crude stocks remain comfortable.

U.S. crude was down 8 cents at $61.93 a barrel by 0352 GMT, after a 12-cent gain on Wednesday. London Brent had yet to trade ahead of its expiry on Friday, after closing at $67.84 on Wednesday.


Read more at Reuters Africa

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