Monday, April 9, 2007

Oil below $64; gasoline worry offsets Iran relief

(Reuters) - Oil fell below $64 a barrel on Monday, extending a decline after Iran released 15 British sailors and marines last week, although concerns over the state of pre-summer U.S. gasoline supplies tempered selling.

U.S. crude fell 43 cents to $63.85 a barrel by 0651 GMT, adding to Thursday's 10-cent drop after markets were closed on Friday for the Easter holiday. London Brent crude was down 33 cents at $67.91, although trading was expected to remain light as many European market remain shut for Easter Monday.


Read more at Reuters Africa

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