Wednesday, April 18, 2007

Crude Oil Falls on Signs Supplies to Meet Demand From Refineries in U.S.

(Bloomberg) -- Crude oil fell amid expectations supplies of crude will meet demand from refineries working to produce more fuel before the summer driving season.

A U.S. government report later today will probably show refiners used 88.7 percent of their capacity last week, a three- month high and the fifth straight increase, according to a Bloomberg News survey of analysts. Crude-oil stockpiles probably climbed 650,000 barrels last week.


Read more at Bloomberg Commodities News

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