Gasoline Rises to Seven-Week High on Unexpected Supply Drop
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Gasoline rose to a seven-week high after U.S. stockpiles of the motor fuel declined unexpectedly last week.
Futures climbed 1.4 percent as gasoline supplies fell 1.82 million barrels to 205.9 million in the seven days ended July 13, the first drop in five weeks, Energy Department data showed. The median estimate of 10 analysts surveyed by Bloomberg called for a 1.2 million-barrel increase.