(Bloomberg) -- Crude oil rose to a 10-month high in
New York and gasoline extended its three-day climb on
expectations that demand will accelerate with the summer travel
season.
Prices climbed above $70 for the first time since September
yesterday after an Energy Department report showed that U.S.
gasoline supplies fell last week as refinery operations rose.
Pump prices climbed to a record in May because of lagging fuel
supplies. Oil stockpiles at Cushing, Oklahoma, where oil traded
in New York is delivered, plunged 5.7 percent, the report showed.
Read more at Bloomberg Energy News
New York and gasoline extended its three-day climb on
expectations that demand will accelerate with the summer travel
season.
Prices climbed above $70 for the first time since September
yesterday after an Energy Department report showed that U.S.
gasoline supplies fell last week as refinery operations rose.
Pump prices climbed to a record in May because of lagging fuel
supplies. Oil stockpiles at Cushing, Oklahoma, where oil traded
in New York is delivered, plunged 5.7 percent, the report showed.
Read more at Bloomberg Energy News
No comments:
Post a Comment