Monday, July 23, 2007

Oil dips as higher US fuel production seen

(Reuters) - Oil prices fell for a third day on Tuesday on expectations of rising fuel stockpiles in the United States and after OPEC vowed to pump more crude if needed.

London Brent crude, currently seen as more representative of the world market, slid 18 cents to $76.68 a barrel by 0354 GMT, after falling 78 cents on Monday. U.S. crude eased 24 cents to $74.65 after a 90-cent slide on Monday.


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