Crude Oil Rebounds, Climbs Above $65 on U.S. Gasoline-Inventory Concerns

(Bloomberg) -- Crude oil climbed above $65 a barrel in
New York amid concern the U.S. won't have enough gasoline when the
summer driving season starts next week.

ConocoPhillips and Murphy Oil Corp. shut refinery units for
repairs last week, heightening concern not enough gasoline was
being produced. Gasoline supplies fell 7.5 percent below their
five-year average during the week ended May 11, according to the
U.S. Energy Department.


Read more at Bloomberg Commodities News