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Oil above $70
- Saudi Arabia: Saturday, August 25 - 2007 at 07:36
Oil prices rose above $70 a barrel yesterday, Friday, due to strong gains in gasoline futures in New York, reported Reuters. Prices had previously dipped over worries of a US economic slowdown. But after a rally, US light crude for October delivery was trading at $70.9 a barrel, while London Brent was at $70.7.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 25 - 2007 at 07:36 UAE local time (GMT+4)
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