Oil prices fall after mixed fuel inventory report
Made Popular May 14 2008
Oil prices are down after the government issued a mixed report on the nation’s fuel inventories.
The Energy Department said diesel stockpiles rose last week, and that news eased the market’s concerns about the fuel used to transport most food and consumer goods. The government also said crude oil inventories were up, but not as much as the market expected.
Light, sweet crude for June delivery is down $1.46 at $124.13 a barrel on the New York Mercantile Exchange.
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