Oil falls as US refineries come back on line

Oil fell as the tight gasoline supply balance in the US seemed likely to ease following positive announcements from key refiners.
ConocoPhillips, Citgo, and Valero said they had fixed refinery issues that had reduced output last week, while BP’’s Prudhoe Bay oil field in Alaska is back to full capacity following a pipeline leak last week.
“With refineries coming back online we should see greater builds in gasoline stocks this week,” said Michael Davies, an analyst at Sucden Research.

Euro2Day