Monday, July 9, 2007

Oil Falls From 10-Month High as U.S. Refineries Increase Gasoline Output

(Bloomberg) -- Crude oil fell from a 10-month high
on signs oil demand will increase as U.S. refineries raise
gasoline output.

Refiners probably increased operating rates for a third
week, according to a Bloomberg News survey before a government
report this week. Oil prices rose last week on concern unrest in
Nigeria and unexpected U.S. refinery shutdowns would curb fuel
supplies. U.K. authorities said a three-year-old British girl
abducted July 5 in Nigeria was freed yesterday.


Read more at Bloomberg Energy News

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