Wednesday, April 25, 2007

Crude Oil Gains; U.S. Gasoline Demand Expected to Grow as Refineries Shut

(Bloomberg) -- Crude oil rose because some analysts and traders expect U.S. gasoline demand to rise before the summer driving season while some refineries had to cut production.

A ConocoPhillips refinery near Los Angeles had an ``unplanned'' shutdown yesterday. BP Plc said its Whiting, Indiana, refinery has lowered production to about 200,000 barrels a day, or half its capacity, after a unit failed in March.


Read more at Bloomberg Energy News

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