NEW YORK (AP) - July 23, 2008
Crude supplies fell by 1.6 million barrels, slightly less than
analysts surveyed by energy research firm Platts predicted.
Gasoline stockpiles jumped by 2.9 million barrels. Analysts had
expected a drop of half a million.
Neither figure would appear to give traders who have been
largely selling off oil in recent days reason to change their
behavior.
Light, sweet crude for September delivery is down $2.64 at
$125.78 a barrel in morning trading on the New York Mercantile
Exchange.
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