(Bloomberg) -- Crude oil fell in New York on
speculation U.S. fuel prices may ease as refiners increase
output to meet summer demand and after oil workers in Nigeria
ended a two-day strike.
A U.S. government report showed gasoline production rose to
the highest since December, boosting supplies for a third week.
U.S. crude oil stockpiles are 7.6 percent above their five-year
average, the Energy Department said last week. Nigerian oil
workers ended the strike after the government conceded to their
demand for more pay and benefits, Reuters reported on May 26.
Read more at Bloomberg Commodities News
speculation U.S. fuel prices may ease as refiners increase
output to meet summer demand and after oil workers in Nigeria
ended a two-day strike.
A U.S. government report showed gasoline production rose to
the highest since December, boosting supplies for a third week.
U.S. crude oil stockpiles are 7.6 percent above their five-year
average, the Energy Department said last week. Nigerian oil
workers ended the strike after the government conceded to their
demand for more pay and benefits, Reuters reported on May 26.
Read more at Bloomberg Commodities News
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