Thursday, June 7, 2007

N.Y. Crude Oil Rises, Pulled Higher by Gasoline, as Fuel Production Drops

(Bloomberg) -- Crude oil rose in New York, pulled
higher by gasoline, after a report showed that U.S. refineries
curbed operating rates last week.

Refineries operated at 89.6 percent of capacity, a 1.5
percentage point drop from the week before, yesterday's Energy
Department report showed. A 0.5 percentage point gain was
expected, according to a Bloomberg News survey. The driving
season, when U.S. demand peaks, lasts from the Memorial Day
weekend in late May to Labor Day in early September.


Read more at Bloomberg Energy News

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