Wednesday, June 6, 2007

Crude Oil Rises Before U.S. Energy Department's Weekly Inventory Report

(Bloomberg) -- Crude oil rose in New York before the
release of an Energy Department report on U.S. petroleum
inventories.

Inventories of gasoline and distillate fuel, a category that
includes diesel and heating oil, rose last week, according to a
Bloomberg News survey. Analysts were split on whether crude-oil
stockpiles rose or fell. The department is scheduled to release
its weekly report on petroleum supplies at 10:30 a.m. in
Washington. Tropical Cyclone Gonu is heading for the Strait of
Hormuz, the world's busiest oil shipping chokepoint.


Read more at Bloomberg Commodities News

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