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/ 29 November 2007
Oil prices rebounded by over a barrel on Thursday, after an explosion and fire at an oil terminal in Minnesota shut down most of the main pipeline that delivers Canadian crude to United States Midwest refineries. US crude rose by ,11 to ,73 a barrel by 4.35am GMT, recouping some of the previous session’s loss of ,80, or 4%.
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/ 30 October 2007
Oil prices fell nearly 1% to below a barrel on Tuesday, fading from their latest record high as investors took profits from a rally driven by a Mexican supply failure and the spiralling dollar. United States crude fell by 71 cents to ,82 a barrel by 5.43am GMT after hitting a record high of ,80.