Wednesday, June 13, 2007

Crude Oil Rises as U.S. Report Shows Gasoline Supplies Are Little Changed

(Bloomberg) -- Crude oil and gasoline rose after a
government report showed that U.S. supplies of the motor fuel
were little changed last week.

Gasoline supplies rose 3,000 barrels to 201.5 million in the
week ended June 8, the Energy Department reported. A gain of 1.5
million barrels was expected, according to the median of 16
responses in a Bloomberg News survey. Refineries operated at 89.2
percent of capacity, the lowest since the week ended May 4.
Refinery operations were expected to increase, the survey showed.


Read more at Bloomberg Commodities News

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