posted on Jul, 7 2005 @ 05:32 AM
any one see this little article here...
Oil falls from record after London explosions
LONDON, July 7 (Reuters) - Oil prices fell sharply in heavy profit-taking from new record highs on Thursday after explosions hit London's transport
"It's panic," said a trader.
Dealers said there were worries about the impact of the London incident, the cause of which remained unknown, on the economy.
London Brent fell to a session low of $57.71 a barrel after htting a record $60.70 and by 0940 GMT was off 55 cents at $59.31.
U.S. crude fell to a session low of $59.60 from a record $62.10 and by 0940 GMT was down 40 cents at $60.88 a barrel.