Tuesday, July 24, 2007

Oil prices pulled back almost $2 on Tuesday amid speculation that OPEC might increase output in the 4th quarter.

Analysts and traders are expecting that Wednesday's petroleum inventory data will show a build in US gasoline stocks.

Analysts polled by Thomson Financial News predict gasoline inventories to build by 500,000 barrels and crude stocks to post a decline of 1 million barrels.

Energy Investment Report
will have the petroleum inventory data the instant it is released at 10:30 am Eastern time on Wednesday.


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