"Oil rises on report of Turkish troops in Iraq
Wed Jun 6, 2007 3:07pm ET19
NEW YORK (Reuters) - Oil prices rose above $71 a barrel on Wednesday after news Turkish troops conducted operations in northern Iraq rekindled concerns over escalating tensions in the Middle East.
Prices were also buoyed by a U.S. government report showing the nation's refineries struggling to boost fuel production at the start of the peak demand summer vacation season, and disruptions in oil and gas exports from Oman after a cyclone in the Arabian Sea shut loading operations."
More:Oil rises on report of Turkish troops in Iraq | Hot Stock News | Reuters.com
