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Oil prices mixed on supply worries as Brazil strike begins
AFP, July, 2008
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NEW YORK (AFP) — Crude oil prices closed mixed Monday as oil workers in Brazil began a five-day strike that further tightened global energy supplies, traders said.
New York's main oil contract, light sweet crude for August delivery, edged up 10 cents to close at 145.18 dollars a barrel.
In London, Brent North Sea oil for August fell 57 cents to settle at 143.92 dollars.
Both contracts had hit record high levels Friday: 147.27 dollars in New York and 147.50 dollars in London.
"Prices are firm ... as the risk of supply disruptions around the world looms large," Barclays Capital analysts wrote in a client note Monday.
In Brazil, workers in the country's main oil-producing region began a five-day strike against state-run company Petrobras.
Petrobras said oil output was cut seven percent as the strike affected platforms in the Campos basin ...
