(Bloomberg) -- Crude oil rose above $64 a barrel in New York on speculation that an Energy Department report tomorrow will show that U.S. gasoline stockpiles fell for a 10th week.
Gasoline supplies likely declined 1.63 million barrels in the week ended April 13, according to the median of forecasts by 10 analysts surveyed by Bloomberg News. Inventories plunged 12 percent to 199.7 million barrels in the previous nine weeks. U.S. refiners ramp up operations at this time of year as they prepare for increasing oil demand.
Read more at Bloomberg Commodities News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment