Monday, April 16, 2007

Crude Oil Climbs Above $64 a Barrel Amid Rising U.S. Demand for Gasoline

(Bloomberg) -- Crude oil rose above $64 a barrel in New York on expectations of higher gasoline demand this summer in the U.S, the world's largest energy consumer.

U.S. gasoline supplies were 4 percent below their five-year average, according to Energy Department data. Refineries ran at 88.4 percent of capacity in the week ended April 6, the highest since Jan. 5, as they ended maintenance and began making more fuel.


Read more at Bloomberg Commodities News

No comments: