Thursday, June 21, 2007

Crude Oil Declines for Second Day in a Row After U.S. Inventories Surge

(Bloomberg) -- Crude oil fell a second day in New
York after an Energy Department report showed that U.S.
inventories surged.

Crude-oil stockpiles rose 6.9 million barrels to 349.3
million last week, the biggest gain since the week ended March
19, 2004, the report showed. Gasoline supplies climbed 1.79
million barrels to 203.3 million, according to the department.


Read more at Bloomberg Commodities News

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