Thursday, July 5, 2007

Crude Oil Falls From a 10-Month High on Higher U.S. Gasoline Inventories

(Bloomberg) -- Crude oil fell from a 10-month high in
New York, pulled lower by gasoline, on expectations that U.S.
inventories of the fuel will increase during July.

Gasoline stockpiles rose 1.85 million barrels to 204.4
million last week, according to an Energy Department report. U.S.
crude-oil inventories rose 3.15 million barrels to 354 million
barrels last week, the department said


Read more at Bloomberg Commodities News

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