Oil Prices, Petrol Stocks Rising

Crude prices again climbed to record highs.
US light crude rose 78 cents to US$42.22, 23 cents below the record price in early June, which was settled at US$41.84 a barrel. London Brent crude rose 43 cents to US$38.54.
The reason of new prices hit is the worries over supply disruptions from the Middle East and concerns grow that financial problems at Russian oil company YUKOS could hinder Russian output.
Petrol stocks are expected to fall just 150,000 barrels, and traders have become more relaxed about petrol supply as the summer peak-demand period gets into full gear.
The US government reported petrol stocks had risen 2.5 million barrels in the week ended July 16, widening the surplus over a year earlier to 5 million barrels.