Crude Oil Falls From 11-Month High in New York as U.S. Refinery Units Open

(Bloomberg) -- Crude oil fell from an 11-month high
in New York on speculation that U.S. fuel stockpiles will
increase because refineries are opening units.

Exxon Mobil Corp., BP Plc and Valero Energy Corp. started
units at refineries in Texas over the past week. Prices rose
this week after the Energy Department reported that U.S. fuel
stockpiles declined last week as gasoline demand rose. Total SA
said it restored normal output from an oil field in Angola after
cutting production to make repairs.


Read more at Bloomberg Energy News