February 11, 2007
Oil breaks $60 After Occidental Shuts California Oil Field
“Crude oil rose above $60 a barrel for the first time in five weeks after an explosion shut down a California field owned by Occidental Petroleum Corp., the fourth- biggest U.S. oil company… Occidental said about 120,000 barrels of oil and gas liquids a day has been lost after a fire at its Elk Hills site. It is the seventh-largest field on the U.S. mainland.”
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