Sunday, July 1, 2007

Asia Energy Day Ahead: Oil May Rise; CBOT Sale to Chicago Merc Is Opposed

(Bloomberg) -- Crude oil may rise this week on
speculation that U.S. inventories will fall because of increased
consumption by refiners. Chicago Board of Trade's largest
shareholder, Sydney-based hedge fund Caledonia Investments Ltd.,
has voted against the proposed sale to the Chicago Mercantile
Exchange because the price is too low.

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Read more at Bloomberg Energy News

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