Oil pauses near record over USD 145

Reuters
Posted: Friday, Jul 04, 2008 at 0851 hrs IST
Updated: Friday, Jul 04, 2008 at 0851 hrs IST

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Oil rises to $117 on Russia-US tension Oil falls by more than $1 to below $112 Fall in oil likely to be moderate: ICRA 'Supply crunch may bring $200 oil in 5-10 yrs'

Singapore, July 4: : ago after US payroll data came in close to expectations and eased fears about the health of the US job market and economy.

Comments from the head of the European Central Bank that suggested further interest rate increases in Europe could be put on hold also supported the US currency.

Tropical Storm Bertha, which formed on Thursday in the eastern Atlantic Ocean, was not expected to threaten any US oil and gas production facilities in Gulf of Mexico.

Hurricane experts have predicted an above-average number of storms and hurricanes through the US hurricane season, which began on June 1 and runs through the end of November....

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