Wednesday, June 13, 2007

Oil Trades Little Changed on Expectations Report to Show Fuel Supply Grew

(Bloomberg) -- Crude oil traded little changed in New
York on speculation U.S. gasoline stockpiles rose for a sixth
straight week as refiners increased output.

An Energy Department report today will probably show refiners
added 1.5 million barrels of fuel to the nation's gasoline supply
last week, according to a Bloomberg News survey of 16 analysts.
Increases in refinery runs will raise demand for crude to make more
motor fuel during the summer.


Read more at Bloomberg Energy News

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