(Bloomberg) -- Crude oil rose above $66 a barrel in
New York to its highest price in three weeks as refineries
stepped up production of gasoline to meet increased demand for
summer.
U.S. refineries have boosted crude processing in recent
weeks after disruptions earlier in the year cut output. Gasoline
inventories rose to 195.2 million barrels the week ended May 11,
the second consecutive weekly increase, according to a U.S.
Energy Department report on May 16. The increase left supplies
7.5 percent below the five year average.
Read more at Bloomberg Commodities News
New York to its highest price in three weeks as refineries
stepped up production of gasoline to meet increased demand for
summer.
U.S. refineries have boosted crude processing in recent
weeks after disruptions earlier in the year cut output. Gasoline
inventories rose to 195.2 million barrels the week ended May 11,
the second consecutive weekly increase, according to a U.S.
Energy Department report on May 16. The increase left supplies
7.5 percent below the five year average.
Read more at Bloomberg Commodities News
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