Financial Times FT.com

Oil slips but fears grow over stock levels

By Chris Flood

Published: June 1 2007 14:02 | Last updated: June 1 2007 18:50

Oil prices retreated this week but the state of the US gasoline market remains a concern to traders at the start of the summer driving season.

ICE July Brent rose 58 cents to $68.62 a barrel Friday, down 2.9 per cent this week, while Nymex July West Texas Intermediate gained 80 cents at $64.81 a barrel, 0.6 per cent lower this week.

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