Tuesday, July 10, 2007

Oil Declines From 10-Month High as U.S. Refinery Units Shut, Demand Falls

(Bloomberg) -- Crude oil fell on signs demand will
ease after U.S. refineries shut some units.

BP Plc is shutting the largest of three crude units at its
refinery in Whiting, Indiana, a person familiar with the plant
said. Units were shut at refineries in Texas and Kansas last week.
Oil stockpiles are 12.5 percent higher than their five-year
average, according to U.S. Energy Department data.


Read more at Bloomberg Commodities News

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