Monday, July 9, 2007

CORRECTION: Oil eases from 11-month high, supply worries

(Reuters) - SYDNEY - Oil prices edged lower on Monday after reaching an 11-month high late last week, as light post-weekend profit-taking was limited by concerns over U.S. fuel supplies, Nigerian crude shipments and North Sea maintenance.




London Brent crude , currently seen as a better indicator of the global market, eased 14 cents to $75.48 a barrel by 0637 GMT, within sight of Friday's $76.01 peak and near its all-time high of $78.65 a barrel one year ago on August 8.


Read more at Reuters.com Business News

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