HKN Inc fka HKNI

[hettygreen]

Oil Prices Fall As Crude Stocks Swell

http://biz.yahoo.com/ap/060413/oil_prices.html?.v=11

Thursday April 13, 12:51 pm ET
By Madlen Read, AP Business Writer
Oil Prices Fall After Government Reports That U.S. Crude Stocks Hit 8-Year High


NEW YORK (AP) -- Oil prices slid Thursday, a day after the U.S. government reported that the nation's crude stocks swelled last week to their highest level in eight years.
Gasoline prices also fell as traders took profits from a run-up a day earlier. But the drop was small, and analysts say gasoline futures may rebound in coming days because U.S. supplies are relatively tight, and peak summer demand is approaching.