NEW DELHI, June 15 (Reuters) - Rising oil prices are 'a cause for concern', Indian Oil Minister Murli Deora told reporters on Monday.
Oil prices, which fell from a peak near $150 a barrel last July to the low $30s late last year, have been buoyed recently by hopes of economic and demand recovery. By 0635 GMT, U.S. crude fell $1.14 to $70.90 a barrel while London Brent crude for July, which expires later in the day, dipped $1.07 to $69.85.
(Reporting By Nidhi Verma)
((mayank.bhardwaj@thomsonreuters.com; Tel: +91-11-4178-1019 Reuters Messaging: mayank.bhardwaj.reuters.com@reuters.net)) Keywords: INDIA OIL/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Oil prices, which fell from a peak near $150 a barrel last July to the low $30s late last year, have been buoyed recently by hopes of economic and demand recovery. By 0635 GMT, U.S. crude fell $1.14 to $70.90 a barrel while London Brent crude for July, which expires later in the day, dipped $1.07 to $69.85.
(Reporting By Nidhi Verma)
((mayank.bhardwaj@thomsonreuters.com; Tel: +91-11-4178-1019 Reuters Messaging: mayank.bhardwaj.reuters.com@reuters.net)) Keywords: INDIA OIL/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
