NYMEX Crude oil rose in the last trading session, getting support from weakness in dollar. Natural gas futures ended lower on Tuesday, as concerns about record storage refills and recession-related cuts in demand outweighed a strong rebound in crude and much warmer Northeast and Midwest weather.

The volume of Japan's customs-cleared crude oil imports fell 18.8 percent in May from the same month a year earlier, the Ministry of Finance said on Wednesday. Japan, the world's third-biggest oil consumer nation, imported 15.051 million kilolitres (3.05 million barrels per day) of crude oil last month, the preliminary data showed.

The American Petroleum Institute said in a report released at that for the week to June 19, domestic crude stocks fell 72,000 barrels, to 356.6 million barrels, gasoline stocks jumped 3.7 million barrels, to 211.4 million barrels and distillate stocks rose 2.3 million barrels, to 153.9 million barrels. The federal Energy Information Administration will release its inventory data today.

Crude oil may get support from the weakness in dollar during the day. We recommend buying crude oil at dips. Natural Gas declined yesterday in spite of rise in crude oil, indicating some weakness in it. We recommend selling Nat Gas on rise.