(Bloomberg) -- Crude oil was little changed in New York amid speculation that an Energy Department report will show that U.S. refineries bolstered gasoline production last week.
Gasoline stockpiles increased 1 million barrels in the week ended May 11, according to the median of responses by 14 analysts surveyed by Bloomberg News. It would be the second straight weekly gain. Refineries probably bolstered operating rates 0.8 percentage point, the survey showed. Refiners raise gasoline output in the run-up to the summer months when demand peaks.
Read more at Bloomberg Energy News
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