Wednesday, June 6, 2007

Crude Oil Pares Gains on Speculation U.S. Supplies of Gasoline Will Rise

(Bloomberg) -- Crude oil pared gains on speculation
U.S. gasoline supplies would rise as the summer driving season gets
under way.

Today's petroleum inventory report from the Energy Department
will probably show U.S. gasoline stockpiles rose by 1.6 million
barrels in the week to June 1, according to a Bloomberg News survey
of 11 analysts. Oil supplies probably rose 125,000 barrels, the
sixth gain in seven weeks.


Read more at Bloomberg Commodities News

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