Thursday, January 26, 2006

Crude oil falls to 1 week low

Jan. 26 (Bloomberg) -- Crude oil fell to a one-week low in New York after a government report yesterday showed U.S. fuel stockpiles increased for a fourth straight week.

Inventories of distillates, which include heating oil and diesel, gained more than twice as much as expected to reach a two-year high. Gasoline futures fell the most in three months after demand eased and a jump in supplies boosted stockpiles to the equivalent to 24.8 days of demand.

http://tinyurl.com/b993r

0 Comments:

Post a Comment

<< Home