Oil Is Little Changed After Surging $3 on U.S. Fuel-Supply D

Ferretlover

By Mark Shenk
April 3 (Bloomberg) -- Crude oil was little changed after rising more than $3 a barrel yesterday as an Energy Department report showed that U.S. gasoline supplies fell for a third week.
Stockpiles of the motor fuel declined 4.53 million barrels to 224.7 million barrels last week, the biggest drop since August, prompting gasoline futures to rise to a record. The dollar fell against the euro for the first time in three days, bolstering the appeal of commodities as an inflation hedge.
``The robust supply cushion for gasoline appears to be vanishing before our eyes,'' said John Kilduff, vice president of risk management at MF Global Ltd. in New York. …
Supplies fall
_________________
"RRrrruuuunnnn!!!" ~Apocalypto