Thursday, April 19, 2007

Oil ebbs on pipeline restart, Iran worries support

(Reuters) - Benchmark Brent oil edged lower and U.S. crude fell on Thursday after a major Canadian pipeline was restarted, but renewed concern over Iran's nuclear programme lent some support to prices.

London Brent crude fell 19 cents to $65.85 a barrel by 0812 GMT, reversing Wednesday's 11-cent gain that pulled prices back from a three-week low of $64.76 a barrel. Benchmark U.S. crude fell 45 cents to $62.68.


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