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- » Oil falls below $70 after news of Zarqawi death
#1 Thursday June 08th 2006 12:18:16 pm
- toad
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- From: stuck in redding
- Registered: Thursday September 09th 2004
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Oil falls below $70 after news of Zarqawi death
SINGAPORE (Reuters) - U.S. crude oil prices deepened early losses to fall below $70 a barrel for the first time in two weeks on Thursday after Iraqi television reported the death of al Qaeda's leader in Iraq, Abu Musab al-Zarqawi.
U.S. crude traded down 85 cents to $69.97 a barrel by 0735 GMT, falling about 35 cents following Iraqi television and U.S. ABC News reports of Zarqawi's death, apparently in an air raid near Baghdad. Brent crude fell 70 cents to $68.49.
Oil exports from Iraq have failed to return to pre-war level due to frequent sabotage attacks on the country's northern pipeline and deteriorating security that has prevented significant investment in aging southern oilfields.
http://today.reuters.com/news/newsArtic … ived=False
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#2 Thursday June 08th 2006 5:51:44 pm
- ninershark
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- From: Redding
- Registered: Thursday September 09th 2004
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Re: Oil falls below $70 after news of Zarqawi death
and that was just the savings from recycling the crude from his face and head! 1 down, 1 more 2 go!
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