Saturday, April 14, 2007

Oil slips as US gov't reassures on gasoline supply

(Reuters) - Oil prices eased slightly on Friday after the top U.S. energy official said he was confident there would be enough gasoline supply to meet peak summer driving demand.

The loss ended a week-long rally of as much as 5 percent that had been driven by worries that a bout of refinery problems in the world's top fuel consumer would lead to a stockpile crunch when motorists hit the road for vacation season.


Read more at Reuters Africa

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