Wednesday, June 20, 2007

Crude Oil Falls From Nine-Month High After Inventories Climbed Last Week

(Bloomberg) -- Crude oil fell from a nine-month high
after an Energy Department report showed that U.S. oil and
gasoline stockpiles increased.

Crude-oil inventories surged 6.9 million barrels to 349.3
million in the week ended June 15, the report showed. Gasoline
supplies rose 1.79 million barrels to 203.3 million. Prices
gained the past two days on concern Nigerian shipments would be
disrupted further because of a general strike.


Read more at Bloomberg Commodities News

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