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CRUDE oil traded near a one-week low in New York amid speculation a report today will show US supplies last week rose to their highest in almost seven years. Stockpiles probably gained for a sixth week, climbing 0.8 per cent in the period ended March 17, according to a survey. This would increase inventories to their highest since April 1999. "People are talking about a glut now," said Mark Waggoner, president of Excel Futures in Huntington Beach, California. Crude oil for April delivery was at $US60.05 a barrel, down US37c, in after-hours electronic trading. The contract plunged $US2.35, or 3.7...

Lundberg says national average rises to $2.67 a gallon, but price run-up may be ending.April 9, 2006: 4:37 PM EDT ATLANTA (CNN) - Gas prices shot up another 17 cents per gallon over the past two weeks to a national average of $2.67, a survey said Sunday. Since Feb. 24, the average price of a gallon of self-serve unleaded has risen 42 cents, said Trilby Lundberg, publisher of the Lundberg Survey, which tallied prices March 24 and April 7 for its latest survey. "Some of the pump price surge comes from higher crude-oil prices, but most is the new fuel...