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Oil Pares Gains; U.S. Supplies of Gasoline Expected to Rise »

Posted by: STONERS 2 years, 6 months ago

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Crude oil pared gains on speculation the U.S. would have enough gasoline to meet demand as the summer driving season got under way.

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STONERS
June 7, 2007, 2:14 a.m.
"Valero Energy Corp., the largest U.S. refiner, closed two gasoline units at processing plants in Louisiana and Houston yesterday. The inventory report will probably show domestic refineries operated at 91.6 percent of capacity last week, a gain of 0.5 percentage point from the week before, according to the Bloomberg News survey."

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