Wednesday, July 11, 2007

Oil Trades Little Changed After Falling on Gain in U.S. Gasoline Supplies

(Bloomberg) -- Crude oil was little changed in New
York after falling yesterday on a U.S. government report that
showed gasoline stockpiles rose for a second week, easing
concerns about the availability of supplies.

U.S. inventories of the motor fuel climbed 1.14 million
barrels to 205.6 million in the week ended July 6, the Department
of Energy report showed, more than the 825,000 median increase
expected in a Bloomberg News survey of eighteen analysts.
Supplies are now 3 percent below the five-year average.


Read more at Bloomberg Energy News

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