Wednesday, June 6, 2007

Oil heads for $71 after Oman cyclone disruptions

(Reuters) - Oil rose towards $71 a barrel on Wednesday, its highest level in two weeks, after a cyclone shut Oman's oil and gas exports before weakening on its way to Iran.

London Brent crude edged up 15 cents to $70.60 a barrel by 0915 GMT. U.S. light crude gained 7 cents to $65.68 a barrel.


Read more at Reuters Africa

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