(Bloomberg) -- Crude oil in New York rose, touching
$68 a barrel, 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.
Read more at Bloomberg Commodities News
$68 a barrel, 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.
Read more at Bloomberg Commodities News
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