S&P MARKETSCOPE: August crude oil futures up 7 cents to
$26.88 in seesaw session before API report that expected
to show crude oil inventories were unchanged to down 2
million barrels, gasoline down 1-2 million, distillates up
1-2 million... trading thin before July 4 holiday... some
worried slow pace may continue next week due to
uncertainties about demand... crude oil seems to have
resistance at $27.15 level, which reached early today...
some note residual selling associated with $27.28 highs on both May 16 and May 20.