Oil Declines From Near 10-Month High on Speculation Gains Aren't Justified

(Bloomberg) -- Crude oil fell in New York from near
a 10-month high as some traders speculated five days of gains
weren't justified.

Oil rose 5.4 percent in the past five trading days, partly
on concern refinery breakdowns will slow U.S. gasoline output.
Flint Hills Resources LP, a unit of Koch Industries Inc., and
Valero Energy Corp. reported faults at plants in Texas.


Read more at Bloomberg Energy News