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U.S. Oil Stocks Drop By 2 Million Barrels
Friday, 04-Jul-2008 4:16AM United Press International
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WASHINGTON, July 2 (UPI) -- U.S. crude oil inventories declined by 2 million barrels during the week ending June 27, the U.S. Energy Information Administration said Wednesday.

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Crude inventories at 299.8 million barrels are near the lower boundary for their average for this time of year, an EIA report said.

Gasoline inventories increased by 2.1 million barrels for the week. The 210.9 million barrels on hand put stocks in the lower half of their average range, EIA said.

Both finished gasoline inventories and gasoline blending components inventories increased during the week. Distillate fuel inventories also grew, up 1.3 million barrels to a current supply of 120.7 million barrels.

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