(Bloomberg) -- Crude oil rose, approaching an 11-
month high in New York, after an Energy Department report showed
that U.S. gasoline inventories unexpectedly fell last week.
Supplies dropped 2.24 million barrels, the report showed.
Analysts in a Bloomberg News survey expected an 850,000 barrel
gain. Gasoline imports plunged 36 percent to an average 915,000
barrels a day, the lowest since the week ended March 16, the
report showed. The oil market often follows gasoline during the
summer months, when motor-fuel demand rises to an annual peak.
Read more at Bloomberg Commodities News
month high in New York, after an Energy Department report showed
that U.S. gasoline inventories unexpectedly fell last week.
Supplies dropped 2.24 million barrels, the report showed.
Analysts in a Bloomberg News survey expected an 850,000 barrel
gain. Gasoline imports plunged 36 percent to an average 915,000
barrels a day, the lowest since the week ended March 16, the
report showed. The oil market often follows gasoline during the
summer months, when motor-fuel demand rises to an annual peak.
Read more at Bloomberg Commodities News
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