Monday, July 16, 2007

Crude Oil Rises to 11-Month High in New York as Refinery Demand May Climb

(Bloomberg) -- Crude oil rose to an 11-month high
in New York on expectations of increased demand, as U.S.
refineries raise gasoline production.

BP Plc and Valero Energy Corp. started units at refineries
in Texas over the weekend. U.S. refineries may have operated at
90.4 percent of capacity last week, up 0.2 percentage point from
the week before, according to a Bloomberg News survey.


Read more at Bloomberg Energy News

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