(Bloomberg) -- Crude oil rose above $75 a barrel in
New York for the first time in more than 11 months on
expectations that U.S. demand will rise as refiners bolster
gasoline production.
Valero Corp., Exxon Mobil Corp. and BP Plc, three of the
four biggest U.S. refiners, started up units over the past week.
A government report tomorrow may show that U.S. oil supplies
fell last week as refineries increased production. Iran, OPEC's
second-biggest producer, said there was no need for the group to
hold an emergency meeting.
Read more at Bloomberg Commodities News
New York for the first time in more than 11 months on
expectations that U.S. demand will rise as refiners bolster
gasoline production.
Valero Corp., Exxon Mobil Corp. and BP Plc, three of the
four biggest U.S. refiners, started up units over the past week.
A government report tomorrow may show that U.S. oil supplies
fell last week as refineries increased production. Iran, OPEC's
second-biggest producer, said there was no need for the group to
hold an emergency meeting.
Read more at Bloomberg Commodities News
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