Tuesday, May 15, 2007

Crude Oil Rises on Signs Demand Will Climb on Higher Gasoline Production

(Bloomberg) -- Crude oil rose on speculation that demand will increase as U.S. refineries finish repairs and bolster gasoline production.

Refineries probably raised operating rates 0.8 percentage point last week, according to the median of responses in a Bloomberg News survey. Refiners increase gasoline output before the summer months, when demand peaks.


Read more at Bloomberg Commodities News

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