New York (Platts)--15Jun2007

July crude futures on the New York Mercantile Exchange opened 5 cents
higher at $67.70/barrel Friday with RBOB continuing to pace the complex.

     Several refinery issues were behind continued gains in the gasoline
market.

     Valero shut a hydrocracker at its Corpus Christi, Texas refinery while
Flint Hills shut its coker at its Corpus Christi facility. Ongoing refinery
issues in the US have caused product stock-building to stall at a time when
gasoline inventories should begin a seasonal decline.

     "It is very easy for us to build a bullish case for this market given the
unusually low supply cover," energy consultant Jim Ritterbusch said in a
report. "While we remain somewhat skeptical of the ability of the gasoline
futures to sustain the current advance because of a lackluster spot trade and
a sizable long fund position, we feel strongly that any surprises to this
market are apt to fall toward the bullish side." 

     July RBOB opened 78 points higher at $2.2325/gal and subsequently rallied
to an intra-day high of $2.2640/gal for a gain of 3.93 cents on the session.

     July heating oil opened 21 points lower at $2.0140/gal. 

		--Linda Rafield, linda_rafield@platts.com