Crude Oil Falls a Third Day on Expectations of Higher U.S. Gasoline Output

(Bloomberg) -- Crude oil fell for a third day in New
York on signs U.S. refiners are increasing motor fuel output
and speculation OPEC may pump more oil to meet year-end demand.

A government report tomorrow may show U.S. refineries
raised operating rates to a 10-month high, according to a survey
of analysts. Gasoline dropped 2.8 percent yesterday. The
Organization of Petroleum Exporting Countries may increase
output this year if needed, Reuters cited group President
Mohamed al-Hamli as saying July 22.


Read more at Bloomberg Energy News