Crude Oil Is Little Changed Amid Signs U.S. Gasoline Inventories Climbed

(Bloomberg) -- Crude oil was little changed,
retreating from an 11-month high in New York, on speculation
that U.S. gasoline inventories will rise as refineries increase
output.

Gasoline prices in New York have plunged 12 percent in the
past five days. The oil market often follows gasoline during the
summer months, when motor-fuel demand peaks. A government report
tomorrow may show that U.S. oil supplies fell last week as
refineries increased production.


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