Oil Fluctuates on Increase in Gasoline Supply

- February 9th, 2011

Bloomberg reports that Oil in New York fluctuated after a U.S. government report showed gasoline supplies rose to the highest level in almost 21 years.

Bloomberg reports that Oil in New York fluctuated after a U.S. government report showed gasoline supplies rose to the highest level in almost 21 years.

The market news is quoted as saying:

Cushing crude-oil stockpiles slipped 2.4 percent to 37.4 million barrels, the biggest decline since the week ended Nov. 5. Supplies in the week ended Jan. 28 rose to the highest level since the department started keeping records at the storage hub in 2004.

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