Wednesday, July 11, 2007

Oil Falls After Report of Larger-Than-Expected Rise in Gasoline Supplies

(Bloomberg) -- Crude oil fell after an Energy
Department report showed that U.S. gasoline inventories rose for
a second week.

Gasoline stockpiles climbed 1.14 million barrels to 205.6
million in the week ended July 6, the report showed. Eighteen
analysts in a Bloomberg News survey expected an increase of
825,000 barrels, based on the median of estimates. Stockpiles of
distillate fuel, a category that includes heating oil and
diesel, rose 760,000 barrels.


Read more at Bloomberg Energy News

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