Tuesday, April 17, 2007

Oil rises on forecast of lower US gasoline stocks

(Reuters) - Oil edged up on Wednesday ahead of U.S. government data expected to show gasoline inventories in the world's top consumer kept thinning in the run-up to peak summer demand.

London Brent June crude rose 17 cents to $66.10 a barrel by 0335 GMT, after sliding $1.32 on Tuesday. U.S. May crude futures gained 6 cents to $63.16, after a 51-cent loss on Tuesday.


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