(Bloomberg) -- Crude oil fell to the lowest in seven weeks in New York after an Energy Department report showed larger-than-expected gains in U.S. oil and fuel inventories.
Oil supplies surged 5.5 million barrels to 341.2 million barrels, last week, the highest since June, the report showed. Gasoline inventories rose 372,000 barrels to 193.5 million barrels, the first gain in 13 weeks. Crude-oil supplies were expected to climb by 875,000 barrels and gasoline stockpiles by 150,000 barrels, according to a Bloomberg News survey.
Read more at Bloomberg Energy News
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