Thursday, May 31, 2007

Oil Rises After Government Report of Unexpected Decline in U.S. Supplies

(Bloomberg) -- Crude oil rose after a government
report showed an unexpected decline in U.S. inventories.

Supplies of crude oil fell 1.96 million barrels to 342.2
million barrels in the week ended May 25, the Energy Department
reported today. A gain of 1 million barrels was expected,
according to the median of 15 responses in a Bloomberg News
survey.


Read more at Bloomberg Energy News

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