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06 abril 2007

Refinery Glitches Depress Oil

“There is plenty of crude around, but there’s not enough refinery capacity around to change it into product, said Raymond Carbone, a trader at Paramount Options in New York. He said the refinery problems caused weakness in the front-month May light, sweet crude contract on the New York Mercantile Exchange, which closed down 10 cents at $64.28 a barrel.