Sun, Jul 09, 2006 - Page 10 News List

Oil prices see two-day ease after spike

PROFIT TAKING Crude oil dropped for the second day on Friday after reaching over US$75 a barrel on high gas demand and geopolitical tensions over Iran and North Korea

AP , WASHINGTON

The Energy Department said on Friday that US inventories of natural gas grew by 73 billion cubic feet last week to more than 2.6 trillion cubic feet. The five-year average for this time of year is just above 2 trillion cubic feet.

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