Wednesday, May 23, 2007

Oil Is Little Changed After Report of Increased Gasoline Supply, Demand

(Bloomberg) -- Crude oil was little changed after a
government report showed that U.S. gasoline inventories and
consumption increased last week.

U.S. gasoline supplies rose 1.43 million barrels last week,
an Energy Department report showed today. Gasoline use averaged
9.36 million barrels a day in the past four weeks, up 1.2 percent
from a year ago, the department said. Refineries operated at the
highest rate since Jan. 5. Prices also rose after UN inspectors
said they were learning less about Iran's nuclear program.


Read more at Bloomberg Energy News

No comments: