Wednesday, May 23, 2007

Crude Oil Is Little Changed Amid Signs U.S. Gasoline Supplies Increased

(Bloomberg) -- Crude oil was little changed in New
York after plunging 2 percent yesterday on speculation a
government report will show U.S. gasoline supplies increased.

Inventories of gasoline rose 1.2 million barrels last week,
according to the median of 17 responses in a Bloomberg survey.
Refineries operated at 90 percent of capacity, up 0.5 percentage
point from the week before, the survey showed. Workers at
Nigerian National Petroleum Co. will strike at midnight unless an
agreement is reached to save jobs after the sale of a refinery.


Read more at Bloomberg Commodities News

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