Tuesday, July 24, 2007

Oil falls below $76, OPEC reassures on supply

(Reuters) - Oil fell more than $1 to below $76 a barrel on Tuesday after further assurance from OPEC it would pump more crude if needed and expectations of higher U.S. fuel stockpiles.

London Brent crude, now more representative of world prices than U.S. oil, declined for a third day -- slipping $1.11 to $75.75 a barrel by 1120 GMT.


Read more at Reuters Africa

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