(Bloomberg) -- Crude oil was little changed in New
York amid signs that U.S. supplies are sufficient for refiners
making gasoline for the peak-demand driving season.
Crude-oil inventories in the week ended May 25 were 7.2
percent higher than the five-year average for the period, the
Energy Department said last week. Gasoline use rises in the
summer, when Americans take to the highways for vacations. Crude-
oil prices jumped $1.07 on June 1 on signs gasoline supplies
won't rise fast enough to replenish stockpiles of the fuel.
Read more at Bloomberg Commodities News
York amid signs that U.S. supplies are sufficient for refiners
making gasoline for the peak-demand driving season.
Crude-oil inventories in the week ended May 25 were 7.2
percent higher than the five-year average for the period, the
Energy Department said last week. Gasoline use rises in the
summer, when Americans take to the highways for vacations. Crude-
oil prices jumped $1.07 on June 1 on signs gasoline supplies
won't rise fast enough to replenish stockpiles of the fuel.
Read more at Bloomberg Commodities News
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