(Bloomberg) -- Crude oil rose on concerns that
refinery maintenance in the U.S. will limit gains in gasoline
supplies and OPEC's reluctance to boost production will reduce
oil stockpiles.
Valero Energy Corp., the largest U.S. refiner, closed two
gasoline units at processing plants in Louisiana and Houston
yesterday. The Organization of Petroleum Exporting Countries
doesn't see the need to increase output amid ample crude
supplies, Abdalla El-Badri, the group's secretary general, said
in an interview in London yesterday.
Read more at Bloomberg Energy News
refinery maintenance in the U.S. will limit gains in gasoline
supplies and OPEC's reluctance to boost production will reduce
oil stockpiles.
Valero Energy Corp., the largest U.S. refiner, closed two
gasoline units at processing plants in Louisiana and Houston
yesterday. The Organization of Petroleum Exporting Countries
doesn't see the need to increase output amid ample crude
supplies, Abdalla El-Badri, the group's secretary general, said
in an interview in London yesterday.
Read more at Bloomberg Energy News
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