New York (Platts)--1Jun2007

July crude futures on the New York Mercantile Exchange opened 19 cents
higher at $64.20/barrel Friday, led by a reversal to the upside in the
gasoline market. Gyrations caused by Thursday's June contract expiration
overshadowed some of the more bullish details of Thursday's weekly US oil
report from the Energy Information Administration.

     "The overall 1.3 million barrel build in gasoline inventories this week
is pretty lackluster by seasonal standards and when one factors in that
800,000 barrels of the build happened on the West Coast, it looks very much
below par," Kevin Norrish, energy analyst at Barclays Capital, said in a
report. "The East Coast is starting to look very tight indeed."

     July RBOB opened 1.48 cents higher at $2.2180/gal and July heating oil
opened 1 point lower at $1.8830/gal.

		--Linda Rafield, linda_rafield@platts.com