Crude Oil Trades Near 10-Month High on Concern Over U.S. Gasoline Output

(Bloomberg) -- Crude oil was little changed in New
York after reaching a 10-month high yesterday on speculation
persistent refinery breakdowns will slow U.S. gasoline output.

Gasoline futures rose for a fifth day yesterday after Flint
Hills Resources LP, a unit of Koch Industries Inc., and Valero
Energy Corp. reported faults at plants in Texas. Oil futures
traded in a 79 cent-range yesterday, the narrowest this year,
before the Independence Day holiday in the U.S. today.


Read more at Bloomberg Energy News