Tuesday, April 10, 2007

Oil climbs back towards $62 after steep fall

(Reuters) - Oil rose towards $62 on Tuesday, interrupting six straight days of losses, as market attention shifted to Iran's nuclear programme and a likely drop in gasoline stocks in top consumer the United States.

Price falls began on March 30 and gathered pace last week when Iran released 15 British sailors and marines, wiping more than $4 off a barrel of U.S. crude.


Read more at Reuters Africa

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