text: London Oil Down to \$40; Funds Take Profit  LONDON (Reuters) - London oil prices fell briefly through  \$40 on Thursday for the first time in three weeks, extending  four sessions of heavy losses made as renewed exports from Iraq  and higher-than-expected U.S. gasoline inventories encouraged  big-money funds to take profits.
inputs: London Oil Down to \$40; Funds Take Profit  LONDON (Reuters) - London oil prices fell briefly through  \$40 on Thursday for the first time in three weeks, extending  four sessions of heavy losses made as renewed exports from Iraq  and higher-than-expected U.S. gasoline inventories encouraged  big-money funds to take profits.