Oil Steady After gaining on Gasoline Supply Decline

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Thu, Aug 21, 2008
Oil Market News
Post by Researcher , Oil Researcher

Crude oil was steady after gaining yesterday as a government report showed decline in U.S. gasoline inventories for a fourth week.

Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said:

It looks like wholesalers are finally taking deliveries of gasoline after putting them off because of the record prices last month.

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