New York  (Platts)--5Jun2007

July crude futures on the New York Mercantile Exchange opened 36 cents
lower at $65.85/barrel Tuesday, led by a downturn in the gasoline market. July
RBOB opened 2.55 cents lower at $2.2125/gal with early estimates for the fifth
consecutive build in gasoline stocks injecting bearish sentiment. 

     "We were viewing yesterday's strong advance in the crude and heating oil
markets with skepticism and we seriously doubt the sustainability of the price
rally," energy consultant Jim Ritterbusch said in a report. "The upside price
leaders at the start of the week are the commodities within the complex with
the least bullish fundamentals."

     Most of Monday's rally was chart-based with hedge funds substantially
adding to long positions, but the price surge fizzled when resistance lines
were bumped up against.

     July heating oil opened 14 points higher at $1.9660/gal. 

		--Linda Rafield, linda_rafield@platts.com