Thursday, May 24, 2007

North Sea Brent Crude Oil Extends Gains on Reduced June Cargo Availability

(Bloomberg) -- North Sea dated Brent crude extended
gains because of reduced cargo availability in June.

So-called dated Brent for loading within 15 days rose to a
premium of 50 cents above cargoes for loading in July. That
works out at $71.67 a barrel compared with $71.05 last night,
according to Bloomberg calculations from PVM data.


Read more at Bloomberg Energy News

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