Thursday, July 12, 2007

Oil Is Little Changed as U.S. Refiners Restart, Easing Gasoline Concerns

(Bloomberg) -- Crude oil was little changed in New
York as refiners restart some production units in the U.S.,
easing concerns about the availability of gasoline supplies
during the peak-demand summer period.

BP Plc was to begin startup yesterday of the largest crude
unit at its Whiting, Indiana, refinery, the biggest in the
Midwest, a person familiar with the plant's status said. The
235,000 barrel-a-day crude unit was shut July 9 for unplanned
maintenance. BP is due to restore a hydrocracking unit at its
Texas City, Texas, refinery to operation this weekend.


Read more at Bloomberg Energy News

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