Gasoline and ULSD Follow Crude Higher on Jobless Claims Decline
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Gasoline and ultra-low-sulfur diesel futures advanced, following crude oil higher, after a government report showed jobless claims fell.
Futures jumped as West Texas Intermediate crude gained 3.3 percent. Oil advanced after the Labor Department said applications for unemployment benefits unexpectedly fell to the least in five years last week. Gasoline’s premium over June West Texas Intermediate slipped 38 cents to $22.80 a barrel. The spread to Brent weakened 32 cents to $13.94.