Summary
BUDAPEST, Hungary - Crude futures tumbled today, despite U.S. government data showing declining domestic inventories of oil for the first time in more than two months, as traders kept close watch on gasoline stocks ahead of the summer driving season.
Light, sweet crude for delivery on the New York Mercantile Exchange fell 57 cents to $53.46 a barrel in electronic trading by afternoon in Europe as the market switched over to the June contract.See the full content of this document
Extract
Crude Futures Fall Despite New Data
Unleaded gasoline prices fell more than a cent at $1.5700 per gallon, while heat...
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