Crude Falls First Time in Four Days on Gasoline Supply Forecasts
This article is for subscribers only.
Oil fell for the first time in four days as gasoline dropped on expectations that a supply shortage in New York Harbor will ease.
Crude futures decreased 0.6 percent as gasoline fell for the first time in six days, paring last week’s 14 percent gain. Oil supplies probably climbed for the third time in four weeks, a Bloomberg survey showed before a government report tomorrow. Oil and gasoline accelerated their decline in the last 15 minutes of floor trading as volume jumped.