Wednesday, February 6, 2008

Oil extends slump as U.S. fuel stocks rise (Reuters)



Demonstrators stand with posters to support Vasily Alexanian, a former executive at the Yukos oil firm, in central Moscow February 6, 2008. A Russian court on Wednesday refused to release on bail the jailed oil industry executive with HIV-AIDS who says he needs urgent medical treatment at a specialist hospital. The poster on the right reads, 'Free Vasily Alexanian'. REUTERS/Sergei Karpukhin (RUSSIA)Reuters - Oil prices fell toward $87 a barrel on
Wednesday, extending this month's losses to more than 5
percent, after a government report showed a surprisingly big
build in U.S. petroleum stockpiles.




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