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OIL PRICE * USA - Falls Following DOE Report
Congress Votes to Suspend SPR Shipments
New York,NY,USA -Bloomberg/Transport Topics -14 May 2008: -- Oil prices fell more than $1 a barrel Wednesday following an Energy Department report that showed inventories improved last week, and both the House and Senate voted to suspend crude shipments to the nation’s Strategic Petroleum Reserve... Oil fell $1.56 to close at $124.24 on the New York Mercantile Exchange, following a DOE report that showed stockpiles rose by 176,000 barrels last week... Distillate supplies, which include diesel, rose 1.3 million barrels, while gasoline inventories fell 1.7 million barrels, DOE said in its weekly report... Meanwhile, both the House and Senate voted overwhelmingly Tuesday to suspend daily shipments to the SPR, with crude prices at record levels, news services reported...
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Labels: oil prices
posted by Unknown @ 9:06 AM
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