Oil Below $107 After Overnight Jump

Courtesy Topix - Business News  Sat, 03/29/2008 - 18:01

"There has been limited reporting on the extent and severity of the damage ... it's still a little bit unclear exactly how much damage was done"

Oil prices fell Friday after jumping more than $1 a barrel in the previous session as the bombing of a key Iraqi oil pipeline heightened supply concerns.

Thursday's bombing appeared to cut oil exports from the southern oil city of Basra, despite oil officials' statements to the contrary.

Exports from southern...


 

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