Thursday, May 24, 2007

Crude Oil Pares Gains After U.S. Reports Refineries Produced More Gasoline

(Bloomberg) -- Crude oil fell in New York after the
U.S. government reported refineries had increased production of
motor fuels before the peak driving season.

U.S. refineries operated at 91.1 percent of capacity in the
week to May 18, up 1.6 percentage points from the week before,
according to the Department of Energy. That was the highest rate
since Jan. 5.


Read more at Bloomberg Energy News

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