Energy Prices Down Ahead Of Inventory Report, Wednesday, June 13, 2007 10:13:56 AM
Energy prices edged lower on Wednesday morning ahead of the government`s weekly inventory report. Later in the morning, the Energy Department is expected to reveal that U.S. gasoline inventories advanced for a sixth consecutive week. Crude oil slipped slightly, while gasoline also dropped. Natural gas gained a little and heating oil was about even.Crude oil was slightly down at the start of U.S. trading on Wednesday. Light sweet crude for July settlement was at $65.17, down 18 cents. Trading has been uncertain in recent days.
Natural gas was up slightly in early U.S. trading on Wednesday. Natural gas for July was at $7.718, up 3.6 cents on the session. It climbed sharply at the open before settling back.
Heating oil was little changed in early U.S. trading on Wednesday. Heating oil for July was at $1.9107, down less than a cent. It has been flat for several days.
Gasoline prices dropped in early trading in the U.S. RBOB gasoline for July was at $2.1085, down 2.65 on the session. It dropped at the open and remained down throughout the early part of the session.
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posted by Kalin Tasev @ 8:21 AM
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