Brent oil sees small gains

A move by the UAE to cut production lent credence to last week's decision to cut production. Brent crude eked out small gains and stands at around $60.15/bbl this morning.

Brent oil sees small gains
Wed, 25 Oct, 2006 - 09:34

A move by the UAE to cut production lent credence to last week's decision to cut production. Brent crude eked out small gains and stands at around $60.15/bbl this morning.

Distillate prices remained under upward pressure as Meteorlogix released forecasts suggesting a colder-than-normal winter for the northeast US, endorsing the WTI numbers released on Monday.

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