Oil Edges Above $66, Eyeing Dollar And Equities

LONDON: Oil edged up on Monday, 66 dollars a barrel, rebounding is a shortage earlier after expanding 8.4 per cent decline last week, S, dollar as stock markets lost ground and moved higher. Dollar against basket of currencies over the first benefit was the most oil and increase the appeal of commodities to investors. European stocks and U.S. stocks quickly confirmed successful. Making some progress this financial Sucden Rob Montefusco S Back Up, said. Same time, the heaven we have seen and we need to take TV demand that power in the region currently attracts back. U.S. crude oil up 24 cents to $ 66.26 a barrel by 1357 GMT was, after falling as $ 65.41 before. London Brent was testing the 1cent up to $ 65.12.Iran Defense analysts said Monday Israel could attack U.S. targets in the Gulf region and a type of missile fired, state television reported. Tehran's nuclear program S on oil prices in recent years have supported stress. Country's second largest oil producer in the Middle East.In late 2008's country, Iran on Hormuz, through which about 40 per cent of the world's oil passes through the world, when tensions rose in line with one other S business threatened to block the Strait around the United States nuclear work. However, sluggish demand for oil from the United States last week reinforced by slow economic data, investors continued to command attention. Iran's situation is not very impressed. If so, we d back toward $ 70 again, a London broker Christopher Bellew at Bache Commodities said. Oil prices around 2-3 months, their biggest weekly decline in U.S. crude last week, government data show list increased pressure was deployed, suggest demand remains weak.