Tuesday, April 17, 2007

Crude Oil Climbs on Speculation Gasoline Consumption to Increase in U.S

(Bloomberg) -- Crude oil climbed in New York on speculation demand for fuel was increasing before the summer driving season.

U.S. gasoline supplies probably fell the least in 10 weeks as refining reached a 14-week high, according to a Bloomberg News survey before a weekly government report tomorrow. Crude also rose after Canada's Enbridge Inc. shut down part of its pipeline pumping oil to the U.S. Midwest yesterday following a leak.


Read more at Bloomberg Commodities News

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