Thursday, June 7, 2007

Oil slips under $71 as Oman tests export terminal

(Reuters) - Oil slipped back under $71 on Friday, as Gulf producer Oman carried out tests to see if it could reopen its export terminal after a three-day closure due to a storm.

London Brent crude, currently seen as more representative of the global market, was down 53 cents at $70.69 a barrel at 0631 GMT, after rising 20 cents on Thursday. U.S. crude fell 37 cents to $66.56 after a 97-cent rally.


Read more at Reuters Africa

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