(Bloomberg) -- Gasoline futures rose from a seven-
week low on speculation U.S. inventories may not increase fast
enough to meet peak summer demand, and as crude oil gained.
Stockpiles totaled 201.5 million barrels in a report last
week from the U.S. Energy Department, down 5.3 percent from the
five-year average. Gasoline futures tumbled on June 8, two days
after the government's inventory report. Crude oil rose as Saudi
Arabia, the world's biggest oil exporter, said it would cut
shipments to Asia.
Read more at Bloomberg Energy News
week low on speculation U.S. inventories may not increase fast
enough to meet peak summer demand, and as crude oil gained.
Stockpiles totaled 201.5 million barrels in a report last
week from the U.S. Energy Department, down 5.3 percent from the
five-year average. Gasoline futures tumbled on June 8, two days
after the government's inventory report. Crude oil rose as Saudi
Arabia, the world's biggest oil exporter, said it would cut
shipments to Asia.
Read more at Bloomberg Energy News
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