Crude Oil Rises From 7-Month Low After U.S. Refinery Accident : BloombergCrude Oil Rises From 7-Month Low After U.S. Refinery Accident 2006-10-04 19:42 (New York) By Angela Macdonald-Smith Oct. 5 (Bloomberg) -- Crude oil rose from a seven-month low after a shutdown at a Texas refinery and a government report showed that U.S. refining units are operating at the lowest rate since May. Valero Energy Corp.'s refinery in Houston had a chemical spill yesterday and the 130,000 barrels-a-day plant is to be shut for 40 days starting this month to perform maintenance, the company said yesterday. Oil earlier yesterday fell below $58 a barrel after an Energy Department report showed an unexpected gain in U.S. inventories. ``We might see a positive impact on oil prices, they need all the help they can get,'' said Gavin Wendt, senior resources analyst at Fat Prophets Funds Management in Sydney. ``Hopefully we should see some stability in the price around about that $59 a barrel mark.'' Crude oil for N (more...)