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Oil futures rise sharply
www.chinaview.cn 2007-04-26 07:19:09
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    NEW YORK, April 25 (Xinhua) -- World crude oil futures rose sharply on Wednesday amid concerns over supply, after U.S. gasoline stockpiles fell to the lowest level since Oct. 7, 2005.

    Light, sweet crude for June delivery added 1.26 dollars to 65.84 dollars a barrel on the New York Mercantile Exchange.

    Brent crude for June delivery raised 1.41 dollars to 68.57 dollars a barrel on the ICE Futures exchange in London.

    The U.S. Energy Department reported on Wednesday that its crude inventories rose by 2.1 million barrels last week, but its gasoline stockpiles fell 2.8 million barrels, to the lowest level since Oct. 7, 2005.

Editor: Xiao Jie
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