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cobra464

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cobra464

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Thursday, 05/11/2006 8:08:27 AM

Thursday, May 11, 2006 8:08:27 AM

Post# of 4978729
WATCH IDCN. Oil Prices Extend Gains Above $72 a Barrel
Thursday May 11, 6:31 am ET
By Gillian Wong, Associated Press Writer
Oil Prices Extend Gains Above $72 a Barrel on Renewed Supply Concerns


SINGAPORE (AP) -- Crude-oil futures rose Thursday after a refinery snag in Texas and the fatal shooting of an American oil worker in Nigeria renewed supply concerns despite U.S. government data that showed domestic gasoline stocks rose.
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Light, sweet crude for June delivery rose 33 cents to $72.46 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained $1.44 to settle at $72.13 a barrel Wednesday.


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