Crude Oil Trades Near 10-Month High on Concern Over U.S. Gasoline Supplies

(Bloomberg) -- Crude oil was little changed in New
York after rising to a 10-month high yesterday on speculation U.S.
refiners may strain to restore summer gasoline supplies.

A July 5 Energy Department report will probably show U.S.
oil stockpiles were unchanged last week after a month of gains,
as refiners increased operating rates to make more gasoline,
according to a Bloomberg News survey of nine analysts. Refinery
rates may reach 90 percent for the first time in five weeks.


Read more at Bloomberg Energy News