Tuesday, July 17, 2007

Oil firms, awaiting crude stock draw, fuel build

(Reuters) - Oil prices edged up on Wednesday after two days of losses as traders awaited the release of U.S. weekly inventory data for further proof that recovering refinery operations had lifted gasoline supplies.

London Brent crude for September, seen as a better benchmark of oil prices at the moment, rose 15 cents at $75.68 a barrel after falling 76 cents a day ago as it tumbled further from Monday's $78.40 peak, near last August's record high.


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