Oil prices rose marginally in Asian trading on Thursday on release of US government data showing fallen domestic inventories of crude oil, gasoline and heating oil, as of last week. Light, sweet crude for January delivery settled at US$62.38 a barrel on the New York Mercantile Exchange, midmorning in Singapore
The Energy Information Administration, in its latest petroleum supply report, revealed domestic inventories of crude oil fell by 1.1 million barrels last week to 339.7 million barrels- 5.4% above year-ago levels, and inventories of gasoline declined by 1.1 million barrels to 200 million barrels. Temperatures in Northeastern USA, the nation's largest heating oil market, are expected to moderate later in the week, with above-normal temperatures forecast through most of USA next week
07-Dec-06 
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