Thursday, July 12, 2007

Oil Climbs Above $72.70 a Barrel in New York as U.S. Crude Supply Declines

(Bloomberg) -- Crude oil rose after a report that U.S.
supplies of oil dropped because of a decline in imports.

Crude-oil stockpiles dropped 1.5 million barrels to 352.6
million barrels last week, according to the U.S. Energy Department.
Imports fell 7 percent to an average 10 million barrels a day, the
lowest since the week ended April 13.


Read more at Bloomberg Commodities News

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