Wednesday, July 11, 2007

Crude Oil Falls Amid Speculation Gains Driven by Gasoline Were Unjustified

(Bloomberg) -- Crude oil fell from near an 11-month
high in New York on speculation recent gains were unjustified.

Crude oil had gained along with gasoline, which rose 5.4
percent in the past five trading days after reports that BP Plc
closed units at its refinery in Whiting, Indiana, and refiners in
Texas and Kansas halted units as well.


Read more at Bloomberg Energy News

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