Tuesday, July 3, 2007

Oil Is Little Changed, Close to 10-Month High, Signs Fuel Output May Drop

(Bloomberg) -- Crude oil is steady, after touching
a 10-month high in New York, on speculation U.S. gasoline
production will fall after refineries unexpectedly shut units.

Flint Hills Resources LP, a unit of Koch Industries Inc.,
shut a gasoline-producing unit at its refinery in Corpus Christi,
Texas, according to a report on a state Web site today. A
refinery in Kansas was shut on July 1 because of flooding. Crude-
oil prices often follow gasoline during the driving season, which
lasts from late May to early September.


Read more at Bloomberg Energy News

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