Monday, April 2, 2007

Oil is below $66

Oil below $66 on Iran tensions, French strike ends

SYDNEY -- US crude futures eased on Monday, as the row between Iran and Britain reached a stalemate and as workers at a French oil hub ended a three-week-old strike. US crude fell as much as 35 cents at the start of Monday session but later recovered from lows to stand nine cents lower at $65.78 at 0236 GMT.

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