Thursday, June 21, 2007

Crude Oil Is Little Changed Amid Surging U.S. Supplies, Nigerian Strike

(Bloomberg) -- Crude oil fell a second day in New
York after an Energy Department report showed that U.S.
inventories surged.

Crude-oil stockpiles rose 6.9 million barrels to 349.3
million last week, the biggest gain since the week ended March
19, 2004, the report showed. Gasoline supplies climbed 1.79
million barrels to 203.3 million, according to the department.
Prices rose earlier today when Nigerian oil workers walked out at
the country's oil export terminals as a general strike expanded.


Read more at Bloomberg Commodities News

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