Thursday, May 31, 2007

Crude Oil Declines on Expectations U.S. Will Report Gasoline Supply Rising

(Bloomberg) -- Crude oil fell before a report that's
expected to show U.S. gasoline supplies rose for a fourth week.

An Energy Department report today will probably show U.S.
gasoline stockpiles, which remain below their average levels,
gained 1.5 million barrels last week, while oil supplies rose for a
sixth week, according to a Bloomberg News survey of analysts.


Read more at Bloomberg Energy News

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