New York (Platts)--26Jun2007

August crude futures on the New York Mercantile Exchange opened 3 cents
lower at $69.15/barrel Tuesday, losing the support of refined product prices.

     RBOB and heating oil led the complex higher Monday as ongoing refinery
issues in the US kept supply/demand balances tight.

     "In refined products, a further spate of refinery outages, both planned
and unplanned, helped to support RBOB gasoline prices and cracks, with the
August crack inching up to a three-week high of $25.40/barrel," Kevin Norrish,
energy analyst at Barclays Capital, said in a report.

     "With demand conditions looking constructive and inventory levels and
refinery runs running below norms we see the chance for prices to move back up
as demand reaches its seasonal peak, during Q3," he said.

     July RBOB opened unchanged at $2.3025/gal while August RBOB opened 1.29
cents lower at $2.2390/gal. July heating oil opened 1.24 cents lower at
$2.03/gal.

		--Linda Rafield, linda_rafield@platts.com