Hurricane looks likely to spare key oil installations in U.S. Gulf


updated 22 minutes ago

NEW YORK - Oil prices extended their slide Wednesday after the government reported gasoline supplies rose more and crude supplies fell less than expected last week.

Light, sweet crude for September delivery slipped $1.77 at $126.65 a barrel in morning trading on the New York Mercantile Exchange. The Energy Department’s Energy Information Administration reported that crude supplies fell by 1.6 million barrels in the week ending July 18, slightly less than analysts surveyed by energy research firm Platts predicted. Gasoline stockpiles jumped by 2.9 million barrels. Analysts had expected an increase of half a million. Neither figure would appear to give traders who have been largely selling off oil in recent days reason to change their behavior.

Complete Story from MSNBC:
Oil prices extend decline on supply news - Oil & energy - MSNBC.com

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Formerly known as El Subestimado
Mi ma'i, mi amor de mi vida: SpicedSugar
Mis hijos: Butterfingered (missing)
Mi hermanita: Dancesintheran, my brother-in-law: Edge_Of_Insanity
Mi Primita: Keena

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If only it was $1.77 at the pump =P

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"Everyone is stupid except me."
"All the whores and politicians will look up and shout 'Save us!' And I'll look down, and whisper 'no.'" -- Rorschach