Wednesday, June 13, 2007

Oil steady as U.S. gasoline stocks seen climbing

(Reuters) - London Brent crude , currently seen as more representative of the global market, was 9 cents down at $68.70 a barrel by 0724 GMT, after a 77 cent drop on Tuesday. U.S. crude fell 3 cents to $65.32 after a 62 cent fall.




U.S. gasoline stocks were forecast to have risen by 1.7 million barrels last week as refinery usage increased, a Reuters poll of analysts said , though analysts said demand was still looking strong in the world's top consumer.


Read more at Reuters.com Business News

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