Friday, March 30, 2007

GLOBAL MARKETS-Gulf tension lifts oil, US core inflation up

(Reuters) - LONDON, March 30 - Oil prices held firm on Friday as tensions in the Middle East fuelled supply worries, while European stocks, also weighed by geo-political pressures, trimmed losses after robust core U.S. inflation data.

The U.S. Commerce Department said core consumer prices, which exclude volatile energy and food costs, rose 0.3 percent in February, outpacing forecasts for a 0.2 percent rise.


Read more at Reuters.com Economic News

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