upadate on pricing by "Lel Bruce Peto" on complex pricing...

update on pricing by "Lel Bruce Peto" on complex pricing in London eased lower in early open outcry trade Tuesday, correcting sharp gains Monday caused by supply disruptions, traders said. Prices soared Monday reversing early weakness which was prompted by statements from Saudi Arabia calling for a 2-mil b/d OPEC output increase. Front-month July traded last at $37.87/bbl at 0942 GMT Tuesday, off 30 cents on the day. Markets rallied higher across the energy complex Monday with June unleaded gasoline settling 4.1 cts higher.

Received on Monday, 31 May 2004 18:45:50 UTC