August 20, 2003	Wednesday	Jumadi-us-Sani 21, 1424

LONDON, Aug 19: IPE Brent crude oil futures tested lower in technical trade on Tuesday as the market shrugged off a deadly truck bomb that tore through a UN headquarters in Baghdad.

By 1657 GMT, October Brent futures stood 12 cents lower at $28.54 a barrel on front-month volume of 21,239 lots.

US light sweet crude for September delivery was 17 cents weaker at $30.72.

Technical analysts said trader mood was consolidative after failing to sustain a push above $29 for three days running.

“It got pushed all the way down to $28.46 but it bounced immediately off trendline support at $28.45.”

But traders said the market showed little reaction to the blast.

“We had a little spike up — 10 or 15 cents or so — after the news came out about the car bomb in Baghdad.—Reuters