year: U.S. crude and gasoline supplies are at the highest seasonal levels in at least two decades, government data show, according to Bloomberg. Record June demand of the fuel wasn't enough to make a dent in stockpiles that ended the month at the highest since 1984 for this time of year, the American Petroleum Institute said. Futures fell 1.3 percent in New York. The summer driving season ends Sept. 5 on Labor Day. Oil has fluctuated between about $44 and $52 a barrel since early June after almost doubling from a 12-year low in February as supply disruptions from Nigeria to Canada and falling U.S. output trim a global surplus. Oil also slipped as the dollar rose to a more than seven-week high.
(news.financializer.com). As
reported in the news.
Tagged under year, u.s topics.