(Bloomberg) -- Crude oil traded near a three-week high in New York on speculation plant breakdowns will prevent refiners from replenishing U.S. gasoline stockpiles.
Gasoline futures jumped 4.3 percent yesterday after Sunoco Inc. closed a 36,000 barrel-a-day gasoline pipeline supplying Buffalo, New York. ConocoPhillips and Murphy Oil Corp. have shut units for repairs, raising concern that inventories may remain below average during the peak summer demand.
Read more at Bloomberg Energy News
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