Tuesday, May 15, 2007

Crude Oil Falls on Speculation U.S. Will Have Enough Gasoline This Summer

(Bloomberg) -- Crude oil fell on speculation U.S. fuel prices will drop as refineries build up supplies of gasoline for the coming summer.

An Energy Department report tomorrow will probably show gasoline stockpiles rose for a second week, according to a Bloomberg News survey of 12 analysts. OPEC said the U.S. should have enough fuel this summer as long as it imports at least 1 million barrels a day.


Read more at Bloomberg Energy News

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