(Bloomberg) -- Crude oil jumped more than $1 a
barrel and gasoline rebounded from a seven-week low after a
government report showed a smaller-than-expected gain in U.S.
supplies of the motor fuel.
Gasoline inventories rose 3,000 barrels to 201.5 million in
the week ended June 8, the Energy Department reported. A gain of
1.5 million barrels was expected, according to the median of 16
responses in a Bloomberg News survey. Refineries operated at 89.2
percent of capacity, the lowest since May 4 and the lowest
utilization rate in 15 years for the second week in June.
Read more at Bloomberg Commodities News
barrel and gasoline rebounded from a seven-week low after a
government report showed a smaller-than-expected gain in U.S.
supplies of the motor fuel.
Gasoline inventories rose 3,000 barrels to 201.5 million in
the week ended June 8, the Energy Department reported. A gain of
1.5 million barrels was expected, according to the median of 16
responses in a Bloomberg News survey. Refineries operated at 89.2
percent of capacity, the lowest since May 4 and the lowest
utilization rate in 15 years for the second week in June.
Read more at Bloomberg Commodities News
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