(Bloomberg) -- Crude oil was little changed in New
York after falling the past two days on signs U.S. refiners are
increasing output and speculation the Organization of Petroleum
Exporting Countries may pump more oil to meet year-end demand.
A government report tomorrow will probably show U.S.
refineries raised operating rates to a 10-month high to meet
summer demand, according to a survey of analysts. Gasoline
dropped 2.8 percent yesterday. OPEC may pump more oil later this
year if needed, Reuters reported group President Mohamed al-Hamli
saying July 22.
Read more at Bloomberg Energy News
York after falling the past two days on signs U.S. refiners are
increasing output and speculation the Organization of Petroleum
Exporting Countries may pump more oil to meet year-end demand.
A government report tomorrow will probably show U.S.
refineries raised operating rates to a 10-month high to meet
summer demand, according to a survey of analysts. Gasoline
dropped 2.8 percent yesterday. OPEC may pump more oil later this
year if needed, Reuters reported group President Mohamed al-Hamli
saying July 22.
Read more at Bloomberg Energy News
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