Oil Prices Rise Above 67 usd on Further Gasoline Stock Draw Downs

The US Energy Information Administration said crude stocks gained 2.1 mln barrels last week, bringing them to their highest levels in 7 years. Market expectations were for gains of around 1.1 mln barrels in crude.

However, the agency also said gasoline stocks lost 4.4 mln barrels while distillate supplies fell by 2.6 mln barrels. Market expectations were for falls of 1.6 mln barrels in both gasoline and distillates.
Forbes