Oil price rises above 106 dollars after oil ban rumour

(AGI) Singapore, June 25 - The price of oil rose on Wednesdayafter The Wall Street Journal reported the U.S. might ease itsban on crude oil exports to reduce Europe's dependence onMoscow. Light crude futures rose 66 cents to 106.69 dollars abarrel on Asian markets, after hitting a high of 107.50dollars. Congress has always fought freeing oil exports, butthe boom in shale gas has encouraged Washington to consider achange. The U.S. has not exported oil for 40 years. (AGI) . .

(AGI) Singapore, June 25 - The price of oil rose on Wednesdayafter The Wall Street Journal reported the U.S. might ease itsban on crude oil exports to reduce Europe's dependence onMoscow. Light crude futures rose 66 cents to 106.69 dollars abarrel on Asian markets, after hitting a high of 107.50dollars. Congress has always fought freeing oil exports, butthe boom in shale gas has encouraged Washington to consider achange. The U.S. has not exported oil for 40 years. (AGI) . .