Sunday, July 22, 2007

Crude Oil Falls a Second Day on Expectations of Rising U.S. Fuel Supplies

(Bloomberg) -- Crude oil fell a second day in New
York on signs U.S. fuel stockpiles will increase as refiners
increase output.

Gasoline futures fell 2.7 percent last week as U.S. refiners
raised operating rates and Exxon Mobil Corp., BP Plc and Valero
Energy Corp. restarted units in Texas. Full oil output was
restored at Angola's Dalia field on July 19 after a generator
fault, Total SA said July 20.


Read more at Bloomberg Energy News

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