Oil prices were mixed in Asian trade on news of a fall in US gasoline (petrol) inventories being overshadowed by news that US refineries had ramped up production. Light sweet crude for delivery in May decreased to US$62.94 from US$63.13. Brent North Sea crude increased six cents to US$66.10.
A weekly report indicated that US gasoline reserves fell 2.7 million barrels last week, the 10th consecutive decline and more than analyst forecasts for a drop of 1.9 million barrels. US crude oil inventories fell 1.0 million barrels last week.
19-Apr-07 
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