Oil Trades Steady Near Nine-Month High on Reduced U.S. Refinery Production

(Bloomberg) -- Crude oil was little changed near a
nine-month high in New York on concern U.S. refiners may strain
to store sufficient fuel for peak summer demand.

Gasoline climbed to its highest in a month yesterday,
lifting oil from close to a one-week low. An Energy Department
report tomorrow probably will show U.S. refiners increased plant
operating rates to 88.2 percent last week, 5.6 percentage points
less than a year earlier, according to a survey of analysts.


Read more at Bloomberg Energy News