Crude Oil Climbs Above $65 a Barrel on Concern Over U.S. Gasoline Supplies

(Bloomberg) -- Crude oil climbed above $65 a barrel in
New York amid concern the U.S. won't have enough gasoline when the
summer driving season starts next week.

Gasoline supplies fell 7.5 percent below their five-year
average during the week ended May 11, according to the U.S. Energy
Department. ConocoPhillips and Murphy Oil Corp. shut refinery units
for repairs last week, raising concern not enough gasoline was
being produced.


Read more at Bloomberg Energy News