Oil prices rise above US$65 a barrel

21-May-07
Oil prices climbed above US$65 a barrel in Asian trading Monday on continued concerns that U.S. refiners are not producing enough gasoline to meet peak summer demand. Light, sweet crude for June delivery gained 25 cents to US$65.17 in electronic trading. The contract rose 8 cents to settle at US$64.94 Friday after jumping US$2.30 in the previous session.
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