(Bloomberg) -- Crude oil rose for a third day in New
York 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
York 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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