Wednesday, May 2, 2007

Crude Oil for June Pares Advance; Trades Below $64.40 a Barrel in New York

(Bloomberg) -- Oil erased gains in New York before a report due today that will probably show U.S. crude supplies rose for a 12th week.

Crude oil for June delivery traded on the New York Mercantile Exchange for $64.28 a barrel, down 12 cents, at 9:53 a.m. London time. Brent contracts for June settlement were up 10 cents at $67.10 a barrel on the London-based ICE Futures Exchange.


Read more at Bloomberg Energy News

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