Monday, July 2, 2007

Oil steadies at $71, thin US fuel stocks support

(Reuters) - London Brent crude traded 3 cents higher at $71.44 a barrel by 0718 GMT, after gaining 89 cents on Friday. U.S. light crude eased 4 cents to $70.64, after a $1.11 rally on Friday to the highest settlement since August 2006.




Oil traders worried about geopolitical supply risks saw London's Heathrow airport and New York's JFK terminal reopened on Sunday after bomb scares, following an explosion at a Scottish airport on Saturday and failed car bombing attempts in London.


Read more at Reuters.com Hot Stocks News

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