Oil hits new high

Oil hit a new high today, trading up towards the $76 level. Brent currently sits at $75.50 (previous high $75.03).

Oil hits new high
Thu, 13 Jul, 2006 - 11:08

Oil hit a new high today, trading up towards the $76 level. Brent currently sits at $75.50 (previous high $75.03).

The US data revealed a further reduction in crude oil stocks in the US by a multiple of five times the Reuters consensus. In all, imports fell by nearly 1mbd.

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