Oil Rises a Second Day After U.S. Gasoline Supplies Fall for a Third Week

(Bloomberg) -- Crude oil rose a second day in New
York, after a report yesterday showed U.S. oil inventories fell
for a third week and gasoline demand was near a one-year high.

Oil stockpiles fell 1.1 million barrels last week as
refiners raised operating rates to their highest in 10 months,
the Energy Department said yesterday. Below-average gasoline
stockpiles unexpectedly increased by 793,000 barrels, aided by a
resurgence in imports.


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