BLBG:Oil Trades Near Four-Month Low in New York Before U.S. Fuel-Supply Report
Crude oil traded near a four-month low before an Energy Department report that may show gasoline stockpiles in the U.S. climbed to the highest in 12 weeks.
Futures for August delivery were at $90.55 a barrel, down 6 cents, in electronic trading on the New York Mercantile Exchange at 1:34 p.m. Singapore time. Yesterday, the contract fell 0.6 percent to $90.61, the lowest settlement since Feb. 18. Futures have gained 16 percent in the past year.
The industry-funded American Petroleum Institute will report its own data today.
To contact the editor responsible for this story: Jane, Ching Shen Lee at jalee@bloomberg.net
