Tuesday, June 12, 2007

Crude Oil Falls on Speculation U.S. Gasoline Stockpiles Will Increase

(Bloomberg) -- Crude oil fell in New York on
speculation U.S. gasoline stockpiles rose a sixth 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 below-
average gasoline inventories, according to a Bloomberg News
survey of 16 analysts. Supplies rose to 201.5 million barrels on
June 1, narrowing the deficit against the five-year average to
5.3 percent, from as much as 8 percent on May 4.


Read more at Bloomberg Commodities News

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