(Bloomberg) -- Crude oil was little changed in New
York, above $65 a barrel, as refineries stepped up production of
gasoline to meet increased demand for summer.
U.S. refineries have boosted fuel production in recent weeks
after disruptions earlier in the year cut output. Gasoline
inventories rose to 195.2 million barrels the week ended May 11,
the second consecutive weekly increase, according to a U.S.
Energy Department report on May 16. The increase left supplies
7.5 percent below the five year average.
Read more at Bloomberg Commodities News
York, above $65 a barrel, as refineries stepped up production of
gasoline to meet increased demand for summer.
U.S. refineries have boosted fuel production in recent weeks
after disruptions earlier in the year cut output. Gasoline
inventories rose to 195.2 million barrels the week ended May 11,
the second consecutive weekly increase, according to a U.S.
Energy Department report on May 16. The increase left supplies
7.5 percent below the five year average.
Read more at Bloomberg Commodities News
No comments:
Post a Comment