Tuesday, July 31, 2007

Oil dips, investors brace for further crude draw

(Reuters) - Oil prices edged down on Tuesday, but U.S. crude stayed within sight of its record high as traders feared further declines in hefty crude stocks in the United States.

U.S. crude eased 22 cents to $76.61 a barrel by 0719 GMT, extending Monday's 19-cent drop after a day of volatile trade that saw prices swing between $76.05 and $77.33.


Read more at Reuters Africa

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