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.

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