Oil Is Steady After Gaining on Concerns U.S. Refiners Can Make Enough Fuel

(Bloomberg) -- Crude oil was little changed in New
York after rising yesterday on doubts that U.S. refiners can make
enough gasoline to keep up with rising summer demand.

U.S. gasoline supplies rose 1.43 million barrels last week,
leaving them 7 percent below average for this time of year, the
Energy Department said yesterday. Production rose to 9.2 million
barrels a day, the highest this year. Fuel deliveries rose for a
fourth week to 9.4 million barrels a day as oil companies stored
fuel for this weekend's holiday travel.


Read more at Bloomberg Commodities News