Tuesday, July 24, 2007

Oil falls as U.S. refinery fuel output seen higher

(Reuters) - U.S. gasoline stocks were seeing rising 400,000 barrels last week as refinery usage increased sharply, though strong summer demand is likely to have limited the potential for a larger build, a Reuters survey of analysts showed .




"The recent return of some U.S. refineries from unplanned outages is a bearish element," said Harry Tchilinguirian, oil analyst at BNP Paribas. "While U.S. gasoline imports in this week's data are likely to stay subdued, higher refinery runs and more blending should lift domestic supply."


Read more at Reuters.com Hot Stocks News

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