Thursday, June 28, 2007

Oil Little Changed, Near Nine-Month High, as U.S. Gasoline Supply Plunges

(Bloomberg) -- Crude oil traded little changed in New
York, near a nine-month high, on concern the U.S. won't have enough
gasoline to meet the summer's peak demand.

A report yesterday showed gasoline stockpiles fell 749,000
barrels last week after imports plunged to a 10-week low. The
decline left gasoline levels 4.4 percent below their five-year
average. Daily demand remained near the nine-month high reported
the week before.


Read more at Bloomberg Energy News

No comments: