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Crude futures rise slightly on supply concerns
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08:43, April 24, 2008

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Crude oil futures rose slightly Wednesday on tight supply concerns.

The Energy Department's weekly report showed that U.S. crude stocks grew by more than double what analysts expected. For the week ending April 18, gasoline inventories dropped 3.2 million barrels.

Light, sweet crude for June delivery settled 23 cents to 118.30U.S. dollars a barrel on the New York Mercantile Exchange. June Brent crude was up 47 cents to 116.42 dollars a barrel.

May gasoline futures hit an intraday record for the eighth-straight session, settling at 3.0507 dollars a gallon, up 3.43 cents, or 1.1 percent.

Source: Xinhua

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