11. But domestic demand is still very limited despite a recent spurt of economic growth, and refined products have piled up too. 12. Chevron benefited when the price of crude oil fell faster in the fourth quarter than the price of gasoline and other refined products it sells. 13. Colonial Pipeline Co. said it will lower tariffs to encourage customers to ship certain refined products from the Gulf Coast to the Northeast during the summer. 14. Crude oil prices are expected to fall following increases in refined product inventories reported by the American Petroleum Institute after markets closed yesterday. 15. Crude oil fell to its lowest price in four weeks, pulling refined products lower, on expectations that imports will boost already swollen inventories. 16. Crude was dragged lower by the falling value of its refined products, traders said. 17. Construction is a major consumer of refined copper products. 18. Declines in prices for gasoline and other refined products tend to lag drops in crude prices. 19. Crude futures were also lifted by surging refined product prices in New York, which suggested that refiners will make more money from processing more crude oil. 20. Crude oil and refined products futures at the New York Mercantile Exchange plunged to six-week lows Thursday on a surprise build in gasoline stocks. |