Filed under: Futures
High oil prices boost gold
Posted by KBC Bank in July 3rd 2008
Headlines U.S. inventories send crude to new records Strikes in Peru increase copper supply worries Brent and Distillates Oil prices rose to new record levels on Wednesday after data showed US crude stockpiles fell. U.S. crude oil inventories fell much more than expected last week as imports decreased and refiners increased runs. Crude stockpiles decreased by 2 mln.bbl. to 299.8 mln.bbl. This by far topped analysts' expectations that stocks fell 100 kb. U.S. gasoline supplies, meanwhile, rose
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