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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (72970)	7/12/2006 12:31:50 PM
From: Wharf Rat	Respond to of 361102

Get ready for a party; Yergin Day approaches... Oil teeters as crude supplies fall Government reports 6 million barrel drop, prices flirt with all-time record. By Steve Hargreaves, CNNMoney.com staff writer July 12 2006: 11:11 AM EDT NEW YORK (CNNMoney.com) -- Oil prices seesawed Wednesday after the government said supplies of crude oil were far below estimates. U.S. light crude for August delivery fell 6 cents to $74.10 a barrel on the New York Mercantile Exchange. Crude was up 9 cents just prior to the report's release and climbed as high as $74.85 immediately after. Oil prices are now flirting with an all-time record trading high of $75.78 hit July 7. The Energy Information Administration, in its weekly stockpile report, said crude supplies fell by 6 million barrels. Analysts were looking for a 1.2 million barrel decline, according to Reuters money.cnn.com ================== U.S. Trade Deficit Increases in May Wednesday July 12, 11:53 am ET By Martin Crutsinger, AP Economics Writer U.S. Trade Deficit Increases As Oil Prices Jump by Largest Amount in Nearly 16 Years WASHINGTON (AP) -- America's trade deficit rose in May as the price of imported oil jumped by the largest amount in nearly 16 years, offsetting strong gains U.S. companies made in selling their products abroad. biz.yahoo.com Didn't see the number in this report, but Joe my radio news guy sez $26 bil for oil.