Thursday, April 12, 2007

Ethanol Climbs to Seven-Month High on Expectations of Growing U.S. Demand

(Bloomberg) -- Ethanol in Chicago climbed a fourth consecutive day to a seven-month high on concerns of higher- priced gasoline and increased demand during the U.S. summer driving season.

Denatured ethanol for May delivery gained 4.3 cents, or about 1.9 percent, to $2.28 a gallon at 1:13 p.m. on the Chicago Board of Trade. Fifteen contracts, each representing 29,000 gallons, traded.


Read more at Bloomberg Energy News

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