(Bloomberg) -- Crude oil fell in New York on
speculation U.S. fuel prices may ease as refiners increase output
to meet summer demand.
U.S. gasoline production rose to its highest since December
in the week ended May 18, increasing inventories for a third week.
Stockpiles that week were 7 percent below the five-year average
on May 18, according to Energy Department data. Oil workers in
Nigeria ended a two-day strike after the government agreed new
pay and benefits, Reuters reported May 26.
Read more at Bloomberg Energy News
speculation U.S. fuel prices may ease as refiners increase output
to meet summer demand.
U.S. gasoline production rose to its highest since December
in the week ended May 18, increasing inventories for a third week.
Stockpiles that week were 7 percent below the five-year average
on May 18, according to Energy Department data. Oil workers in
Nigeria ended a two-day strike after the government agreed new
pay and benefits, Reuters reported May 26.
Read more at Bloomberg Energy News
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