Monday, 02 July 2007

Crude Oil Falls From 10-Month High on Signs Gasoline Supplies May Increase

(Bloomberg) -- Crude oil fell from near a 10-month high
in New York on speculation U.S. gasoline inventories would increase
as refineries increased output.

Crude oil for August delivery fell as much as 62 cents, or 0.9
percent, to $70.06 a barrel in after-hours electronic trading on
the New York Mercantile Exchange. The contract traded at $70.10 at
9:13 a.m. in New York.


Read more at Bloomberg Commodities News

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