Wednesday, July 4, 2007

Oil hovers near 10-month high

(Reuters) - London Brent crude currently seen as more representative of global oil prices, eased 5 cents to $73 a barrel at 0158 GMT, after having traded as high as $73.32 a barrel, the highest front month price since late August.




U.S. crude eased 2 cents from its Tuesday close to stand at $71.39, with activity still thin following Wednesday's Independence Day holiday.


Read more at Reuters.com Hot Stocks News

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