Tuesday, June 12, 2007

Crude Oil Declines on Expectations U.S. Gasoline Inventories Will Increase

(Bloomberg) -- Crude oil fell on expectations that
an Energy Department report tomorrow will show a further build in
U.S. gasoline inventories.

Gasoline stockpiles probably gained 1.5 million barrels in
the week ended June 8, from 201.5 million barrels a week earlier,
according to the median of responses by 13 analysts in a
Bloomberg News survey. Twelve of the analysts expected a gain and
one said there would be a decline.


Read more at Bloomberg Energy News

No comments: