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Oil drops back
- Wednesday, August 17 - 2005 at 07:18
Oil eased to $66 on Tuesday, but analysts say continuing fears over supply and tension over Iran's nuclear programme are likely to see prices go higher. US light crude was down 34 cents at $65.93 a barrel. London Brent dropped 25 cents to $65.33. Prices have moved towards the $82 average, adjusted for inflation, in 1980, the year after the Iranian revolution.
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James McInerney, News EditorWednesday, August 17 - 2005 at 07:18 UAE local time (GMT+4)
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