Financial Times FT.com

Rising inventories force drop in crude oil prices

By Kevin Morrison

Published: May 12 2005 03:00 | Last updated: May 12 2005 03:00

Crude oil futures fell yesterday after another weekly rise in US crude inventories, while gold prices rose on news reports that the White House had been evacuated.

The rise for the precious metal proved both modest and short-lived, however, as the all-clear was given within minutes of the initial scare.

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