Thursday, May 10, 2007

Oil gains after big decline

Oil gains after big decline - May. 10, 2007

SINGAPORE (Reuters) -- Oil prices edged up on Thursday, after falling the previous day on an unexpectedly high build in U.S. crude inventories.

Prices were supported by supply disruptions in Nigeria and the likelihood that OPEC will maintain its production cuts at its next meeting.

U.S. crude for June delivery gained 22 cents to $61.77 a barrel.

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