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 SINGAPORE (AP) - Oil prices moved little Wednesday as traders awaited the release of a weekly U.S. government report expected to show the third increase in domestic gasoline stocks in as many weeks.
Gasoline inventories were expected to grow by an average of 800,000 barrels, according to a Dow Jones Newswires poll of analysts. Crude oil supplies were forecast to drop by 200,000 barrels, and distillate stocks, which include heating oil and diesel fuel, were expected to increase by an average of 900,000 barrels.
Light, sweet crude for July delivery was steady at $65.51 a barrel on the New York Mercantile Exchange midmorning in Singapore. Crude oil for July fell $1.36 in the previous session as investors sold contracts ahead of the expiration of the June crude oil contract and ahead of the U.S. inventory report.
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