Wednesday, April 18, 2007

Crude Oil Pares Gains on Expectations Refiners Can Handle Demand for Fuel

(Bloomberg) -- Crude oil pared gains amid speculation refineries will have enough supplies to make fuel to meet demand during the summer driving season.

Crude oil for May delivery rose as much as 30 cents, or 0.5 percent, to $63.40 a barrel in after-hours electronic trading on the New York Mercantile Exchange. The contract, which expires at the end of this week, was at $63.12 at 9:54 a.m. in London. The more actively traded June contract fell 2 cents to $64.44.


Read more at Bloomberg Energy News

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