Thursday, June 7, 2007

Crude Oil Trades Near 9-Month High on Refinery Shutdowns, Supply Concerns

(Bloomberg) -- Crude oil was little changed in New
York after rising to a nine-month high yesterday on speculation
risks to U.S. fuel production and global supply disruptions may
push prices higher.

Gasoline and oil prices leapt at the start of U.S. floor
trading yesterday after Marathon Oil Corp. and Delek U.S.
Holdings Inc. reported faults at refineries in Ohio and Texas.
Brent crude rose for a sixth session after a storm in the Arabian
Sea halted Omani oil exports for a third day. New York oil traded
above $67 a barrel for the first time since March.


Read more at Bloomberg Commodities News

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