Sunday, July 1, 2007

Crude Oil Trades Near 10-Month High on U.S. Fuel, U.K. Terrorism Concerns

(Bloomberg) -- Crude oil was little changed near a
10-month high in New York after rising last week on declining U.S.
fuel stockpiles and attempted car bombings in the U.K.

Gasoline futures reached a one-week high on June 29, after
rising for three days on a report showing U.S. supplies of the
motor fuel unexpectedly fell the week before. U.K. security
agencies raised the country's terrorist threat assessment to its
highest level at the weekend after an attack at Glasgow
International Airport and two attempted bombings in London.


Read more at Bloomberg Energy News

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