81. On Thursday, gasoline futures again had led the complex up, buoyed by news of brief outages at three refineries in Texas and California. 82. Pressured by gasoline futures, heating oil futures retreated moderately. 83. Questions over the pace of gasoline demand helped bring gasoline futures under selling pressure, said Tim Evans, an analyst at IFR Pegasus in New York. 84. Storm and flood-related problems hit refineries in the Gulf Coast Thursday and continued to support gasoline futures Friday. 85. Surging crude and gasoline futures lifted heating oil as large production cuts appeared imminent, analysts said. 86. Surging crude and gasoline futures lifted heating oil in late trade at the New York Mercantile Exchange Thursday as large production cuts appeared imminent, analysts said. 87. Strong crude and heating oil contracts battled with plunging gasoline futures, pressured by very large builds in stocks. 88. That news, coming on the heels of other refinery glitches in the United States, first sent gasoline futures to the highest level since late June last year. 89. The energy complex advanced late last week and early this week as gasoline futures soared to two-month highs amid new worries over Midwest supplies. 90. The rise in cash prices in turn lifted Nymex gasoline futures to a nine-week high. |