Monday, April 9, 2007

Oil tumbles as Iran tensions ease

(Reuters) - U.S. crude fell $1.62 to $62.66 a barrel. London Brent crude was down 93 cents at $67.31.

Brent maintained a premium of more than $4 over U.S. crude partly due to relatively high supplies of U.S. crude at the key Cushing, Oklahoma supply hub.


Read more at Reuters.com Hot Stocks News

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