(Bloomberg) -- Crude oil was little changed in New York after rising yesterday on concern tight European supplies may hamper efforts to increase U.S. summer fuel stockpiles.
Gasoline jumped to an eight-day high yesterday after refiners including Exxon Mobil Corp. reported faults at plants. Eni SpA, Italy's biggest oil company, halved output from the Brass export terminal this week. A 372,000 barrel-increase in U.S. gasoline supplies left them 8 percent below the five-year average for the period, the Energy Department said May 9.
Read more at Bloomberg Commodities News
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