1. Although the accord will add to world supply, it lifted a cloud over the market that held back refinery demand, traders said. 2. And while the summer surge in gasoline demand is still to come, refinery demand is at its greatest just before the season begins. 3. And while the summer surge in gasoline demand is still to come, refinery demand is normally at its greatest just before the season begins. 4. Any jump in refinery demand is viewed as a sign that oil companies are busy churning out gasoline to meet summer demand from motorists. 5. Balancing recent price-strengthening news reports are lingering perceptions that rising crude oil imports into the U.S. will offset growing refinery demand. 6. Both bulletins reported a gain in refinery demand, a further sign that oil companies are busy churning out gasoline to meet improved warm-weather demand from motorists. 7. Crude oil futures are expected to fall as ample overseas supplies outweigh any increase in domestic refinery demand. 8. Crude oil futures in New York were lower today after a separate API report showed crude inventories rose last week, a sign of weakening refinery demand. 9. Crude oil is expected to fall after an industry report showed inventories of crude oil unexpectedly rose last week, signaling weakening refinery demand. 10. Crude oil prices are expected to fall after a jump in imports and weaker refinery demand pushed crude oil inventories higher last week. |