Friday, July 13, 2007

Crude Oil Gains on Lost North Sea Output, IEA Forecast for Rising Demand

(Bloomberg) -- Crude oil rose in New York and Brent
oil reached an 11-month high as production declined from some North
Sea fields.

Chevron Corp. and ConocoPhillips said they had lost output
from North Sea fields that produce oil and gas after BP Plc closed
a natural-gas pipeline. BG Group Plc said its Armada oil field in
the North Sea has been shut for maintenance since June.


Read more at Bloomberg Commodities News

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