Oil prices unchanged as domestic gasoline supplies rise

25-May-06
Oil prices remained unchanged on Thursday after weekly U.S. government data indicated a rise in domestic gasoline supplies and flat demand. As per the data, U.S. gasoline stocks grew by a larger than expected 2.1 million barrels to 208.5 million barrels last week and that gasoline demand averaged 9.24 million bpd, barely above year-ago levels, indicating that higher prices could be affecting consumption. Light, sweet crude for July delivery rose to US$69.92 a barrel in electronic trading on the New York Mercantile Exchange.
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