Oil Extends Gains as Drop in U.S. Gasoline Stocks Prompts Supply Concerns

(Bloomberg) -- Crude oil rose in New York, extending
yesterday's $1-a-barrel gain, on concern that U.S. gasoline
supplies during the peak demand season may not be adequate after
a government report showed an unexpected decline in inventories.

Crude oil for August delivery rose as much as 36 cents, or
0.5 percent, to $69.33 a barrel in after-hours electronic trading
on the New York Mercantile Exchange. It was at $69.26 at 11:30
a.m. in Singapore.


Read more at Bloomberg Energy News

US STOCKS-Indexes dip as energy stocks fall on crude

(Reuters) - NEW YORK, June 20 - U.S. stocks were trading
lower on Wednesday, nudged downward by heavily-weighted energy
shares which fell in-line with crude oil futures.




Exxon Mobil Corp. and Chevron Corp. were
the biggest drags on the S&P500 after weekly government data
showed a larger-than-expected build in crude supplies, which
sent crude futures down over 2 percent to $67.60 a
barrel on the New York Mercantile Exchange.


Read more at Reuters.com Market News