Wednesday, June 13, 2007

Crude Oil Is Steady After Rising on Small Gain in U.S. Gasoline Supplies

(Bloomberg) -- Crude oil was little changed in New
York after rising with gasoline yesterday on a report showing a
plunge in U.S. motor-fuel imports left supplies barely changed.

Gasoline inventories rose 3,000 barrels to 201.5 million on
June 8, 5.2 percent less than the five-year average for the
period, the Energy Department said yesterday. A 1.5 million
barrel increase was forecast by analysts. Price gains were
limited as U.S. gasoline output unexpectedly jumped to the
highest this year.


Read more at Bloomberg Energy News

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