Forex | Forex | Crude Oil Pared Gain As Crude Inventory Surprisingly Rose Last Week (22/07/2009 05:25:35)

Crude Oil Pared Gain As Crude Inventory Surprisingly Rose Last Week

The August contract for crude oil expired at 64.72, +1.2%, while the September contract closed at 65.61 after surging to as high as 66.68. The black gold pared early gains after the report from API showed that crude inventory unexpectedly gained in the week ended July 17. For others in the energy complex, gasoline rose +1.3% to 1.81 while heating oil added +0.5% to 1.7. Natural gas edged up +0.4% to close at 3.71. American Petroleum Institute reported that crude inventory increased +3.1 mmb,


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