Oil Rebounds as Shrinking U.S. Gasoline Supply Brightens Outlook

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Oil Rebounds as Shrinking U.S. Gasoline Supply Brightens OutlookFutures in New York rose as much as 0.9%, erasing an earlier loss. The Energy Information Administration on Wednesday said domestic gasoline inventories fell 1.12 million barrels, about four times deeper than analysts forecast. “It’s a good demand indicator,” said Brian Kessens, who helps manage $16 billion in energy investments at Kansas-based money manager Tortoise.


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