Thursday, July 19, 2007

Crude Oil Trades Near 11-Month High After Total Cuts Exports From Angola

(Bloomberg) -- Crude oil was little changed in New
York after reaching an 11-month high yesterday after Total SA cut
exports from Angola.

Total, Europe's third-largest oil company, said output from
its 240,000-barrel-a-day Dalia field was halved by a generator
fault. Oil and gasoline also rose after Husky Energy Inc. said a
fire at its refinery in Lima, Ohio cut output by 75 percent. A
July 18 Energy Department report showed below-average U.S.
gasoline stockpiles unexpectedly fell last week.


Read more at Bloomberg Commodities News

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