http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1079420631239Crude oil futures rose yesterday on concern about possible Iraqi oil supply disruptions following an attack on the Basra crude terminal in the south of the country over the weekend.
Iraq fully resumed oil exports from Basra on Sunday, the day after suicide attacks halted operations.
IPE Brent for June delivery had risen 49 cents to $33.58 a barrel at the close of London trading, reversing the 33 cents fall on Friday.
June Nymex WTI had gained 51 cents to $36.99 a barrel towards the end of the New York session, more than recouping the 25 cents slide on Friday.
US gasoline futures were also firmer, with the May Nymex gasoline contract up 1.7 cents at $1.1815 a gallon in early trading, little more than a cent below its record high reached last week.
Europe is also facing record gasoline levels with prices traded on the physical market at $402 a tonne, their highest level since October 1990, amid tight supplies in Europe and in the US. Europe is an exporter of gasoline to the US.
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