Friday, April 13, 2007

Oil above $64 on US gasoline supply worry

(Reuters) - Oil topped $64 a barrel on Friday, extending a 3 percent gain a day earlier, on concern over refinery outages that have drained gasoline stocks ahead of the busy summer season in the world's top consumer.

The market was also supported by a warning from the International Energy Agency (IEA) that oil stocks in industrialised nations may drop further in coming months, after recording the biggest first-quarter decline in a decade.


Read more at Reuters Africa

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