Oil Is Little Changed, Close to One-Year High, as Demand Outpaces Supplies

(Bloomberg) -- Crude oil fell from the highest in
almost a year amid speculation U.S. fuel stockpiles increased
last week.

Crude oil for September delivery slipped 38 cents, or 0.5
percent, to $76.64 a barrel at 10:05 a.m. on the New York
Mercantile Exchange. Futures reached $77.33 today, the highest
intraday price for a front-month contract since Aug. 9.


Read more at Bloomberg Commodities News