(Bloomberg) -- Crude oil was little changed after
surging to a 10-month high in New York amid expectations that
U.S. gasoline inventories will increase during July.
Gasoline stockpiles rose 1.85 million barrels to 204.4
million last week, according to an Energy Department report. U.S.
refineries operated at 90 percent of capacity, up 0.6 percentage
point from the prior week. Gasoline output rose 0.6 percent to a
record 9.4 million barrels a day. Implied demand for the fuel was
little changed at 9.56 million barrels a day.
Read more at Bloomberg Commodities News
surging to a 10-month high in New York amid expectations that
U.S. gasoline inventories will increase during July.
Gasoline stockpiles rose 1.85 million barrels to 204.4
million last week, according to an Energy Department report. U.S.
refineries operated at 90 percent of capacity, up 0.6 percentage
point from the prior week. Gasoline output rose 0.6 percent to a
record 9.4 million barrels a day. Implied demand for the fuel was
little changed at 9.56 million barrels a day.
Read more at Bloomberg Commodities News
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