USD 77.9568

+0.47

EUR 88.9097

+0.38

Brent 85.88

+0.82

Natural gas 2.928

+0.02

125

Oil Prices Continue Its Climbing

World oil prices dropped from seven-week highs yesterday after dealers took profits

Oil Prices Continue Its Climbing

World oil prices dropped from seven-week highs yesterday after dealers took profits from Monday?s $2 rally, though worries over refined-products supply limited losses.

July contract light sweet crude fell 22 cents to $55.40 a barrel on the NYMEX.

London Brent was down 53 cents at $54.27 a barrel, also down from a $2 surge.

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