Oil Rises to Nine-Month High on Concern Refiners Won't Keep Up With Demand

(Bloomberg) -- Crude oil in New York rose to the
highest price since September on concern that U.S. refiners will
be unable to keep up with growing gasoline demand.

Valero Energy Corp. shut a unit at its Corpus Christi,
Texas, refinery yesterday, according to a state-administered Web
site. Refineries in the U.S. and Canada have unexpectedly shut
units this spring, paring gasoline production for the peak-demand
driving season. U.S. refineries reduced operating rates the past
three weeks, an Energy Department report on June 13 showed.


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