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Monday, June 05, 2006

OIL SETTLED AT 72.60 PER BARREL

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NYMEX July light sweet crude oil futures settled at $72.60 per
barrel, down from an earlier high of $73.85, but up from Friday's
settlement at $72.33. Oil got a lift earlier on warnings from Iran that
supplies in the region could be cut back if the US makes a "wrong move,"
analysts say

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