Gasoline, Heating Oil Rise on Refinery Outages

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

>New York, April 18 (Bloomberg)
-- Gasoline and heating oil
rose as a series of refinery
disruptions raised concern that
production would be reduced at
a time when maximum output is
needed for peak summer demand
for motor fuel.

Prices rose late in the session,
pulling crude oil higher,
after Citgo Petroleum Corp. said it
shut some units at its 304,000-
barrel-a-day Lake Charles, Louisiana,
refinery because of a power
outage. That followed problems at
three other refineries, in Texas
and New Jersey, that boosted prices
yesterday.

Bloomberg

-- spider (spider0@usa.net), April 19, 2000


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