Wednesday, June 20, 2007

Oil Is Steady After Falling From Nine-Month High on U.S. Gasoline Supply

(Bloomberg) -- Crude oil was little changed in New
York after falling from a nine-month high yesterday on a report
showing U.S. oil and gasoline supplies rose more than forecast.

Oil inventories surged 6.9 million barrels to 349.3 million
last week, a nine-year high and 10 percent more than the average
for this time of year, the Energy Department reported yesterday.
Nigerian oil personnel will stop work at export terminals today
as unions increase pressure on the government in the second day
of a general strike.


Read more at Bloomberg Energy News

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