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08:08, July 12, 2007 |
Crude oil futures fell Wednesday after U.S. gasoline reserves rose more than expected.
Light, sweet crude for August delivery fell 25 cents to close at 72.56 dollars a barrel on the New York Mercantile Exchange.
Brent crude for August delivery lost 96 cents to settle at 75. 44 dollars a barrel on the ICE Futures exchange in London.
In the week ended July 6, the nation's gasoline supplies jumped by 1.2 million barrels to 205.6 million, the Energy Department reported Wednesday. Analysts had been predicting a gain of 640,000 barrels for last week.
Gasoline supplies are closely watched as the summer driving peak is around the corner.
Source: Xinhua
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