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    market news

    Oil is Back Above $100 a Barrel

    Investing News Network
    May. 09, 2011 07:38PM PST
    Oil and Gas Investing

    CNBC reports that on Monday, Oil is back above $100 a barrel.

    CNBC reports that on Monday, Oil is back above $100 a barrel.

    The market news is quoted as saying:

    Lipow estimates those refineries process about 900,000 barrels of gasoline a day, or about 10% of gasoline demand in the U.S. Also, near Baton Rouge is a key pump station for the Colonial Pipeline, the largest US pipeline carrying gasoline from Texas to New York.

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