Crude Oil Gains on Speculation Gasoline Demand to Outpace U.S. Supplies

(Bloomberg) -- Crude oil rose on skepticism that U.S.
refineries can produce enough gasoline to keep up with increasing
consumption of the motor fuel.

U.S. gasoline supplies rose 1.43 million barrels last week,
an Energy Department report showed today. Gasoline use averaged
9.36 million barrels a day in the past four weeks, up 1.2 percent
from a year ago, the department said. Refineries operated at the
highest rate since Jan. 5. Prices also rose after UN inspectors
said they were learning less about Iran's nuclear program.


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