Friday, April 13, 2007

Crude Oil Pares Gains, Remains Above $64 a Barrel on Outlook for Gasoline

(Bloomberg) -- Oil pared gains after rising a fourth day on expectations U.S. gasoline consumption will spur demand for crude.

Oil for May delivery traded at $64.26 a barrel, up 41 cents, at 10:08 a.m. in London, in after-hours electronic trading on the New York Mercantile Exchange. It had risen as much as 73 cents to $64.58 a barrel.


Read more at Bloomberg Energy News

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