(Bloomberg) -- Crude oil in New York rose after a
government report showed an unexpected decline in U.S.
inventories.
Supplies of crude oil fell 1.96 million barrels to 342.2
million barrels in the week ended May 25, the Energy Department
reported today. A gain of 1 million barrels was expected,
according a Bloomberg News survey. Gasoline stockpiles rose 1.36
million barrels to 198 million. Crude-oil imports fell 8 percent
and gasoline imports jumped 24 percent, the report showed.
Read more at Bloomberg Commodities News
government report showed an unexpected decline in U.S.
inventories.
Supplies of crude oil fell 1.96 million barrels to 342.2
million barrels in the week ended May 25, the Energy Department
reported today. A gain of 1 million barrels was expected,
according a Bloomberg News survey. Gasoline stockpiles rose 1.36
million barrels to 198 million. Crude-oil imports fell 8 percent
and gasoline imports jumped 24 percent, the report showed.
Read more at Bloomberg Commodities News
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