(Bloomberg) -- Crude oil traded near $64 a barrel in New York on expectations of higher gasoline demand this summer in the U.S, the world's largest energy consumer.
U.S. gasoline supplies were 4 percent below their five-year average, the Energy Department reported last week. Refineries ran at 88.4 percent of capacity in the week ended April 6, the highest since Jan. 5, as they ended maintenance and began making more fuel. With demand for gasoline growing, OPEC said today in its monthly report, pumping more crude won't bring prices down.
Read more at Bloomberg Energy News
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