Tuesday, 26 June 2007

Oil Falls More Than $1 a Barrel on Forecasts for U.S. Inventory Increase

(Bloomberg) -- Crude oil fell more than $1 a barrel
on forecasts that an Energy Department report will show U.S. oil
and fuel inventories rose.

Crude-oil stockpiles increased 1.05 million barrels in the
week ended June 22, according to the median of responses by 14
analysts surveyed by Bloomberg News. Inventories of gasoline and
distillate fuel, a category that includes heating oil and diesel,
also rose, the survey showed.


Read more at Bloomberg Commodities News

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