Tuesday, June 12, 2007

Crude Oil Declines on Expectations of Increase in U.S. Gasoline Stockpiles

(Bloomberg) -- Crude oil fell on expectations that
U.S. gasoline stockpiles will be sufficient to meet demand
during the summer season.

The U.S. Energy Department will probably report tomorrow
that supplies of the fuel rose 1.5 million barrels in the week
ended June 8 from 201.5 million barrels a week earlier,
according to a Bloomberg News survey of 13 analysts. That would
be the sixth weekly gain.


Read more at Bloomberg Commodities News

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