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Post by
olesmokeron Apr 16, 2008 11:54am
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Post# 14976382
Crude-oil Inventories
Crude-oil InventoriesOil, Gasoline Rise to Records After Unexpected Supply Decline
By Mark Shenk
April 16 (Bloomberg) -- Crude oil and gasoline rose to records after the Energy Department reported unexpected declines in U.S. crude inventories and refinery operating rates.
Crude-oil supplies fell 2.36 million barrels to 313.7 million barrels in the week ended April 11, the department said. Refineries operated at 81.4 percent of capacity, the lowest since October 2005, when units along the Gulf of Mexico were shut because of hurricanes Katrina and Rita.