Gasoline Leads Way Higher as Brent Cruises Past $71

摘要

Gasoline prices helped put a pep in the oil market’s step Wednesday, with futures on the New York Mercantile Exchange (Nymex) rallying 3.5% amid government data showing a large draw on inventories. The US Energy Information Administration (EIA) reported gasoline stocks were down 7.7 million barrels for the week ended Apr. 5 at 229.1 million bbl, leaving them 9.8 million bbl below the same period last year (related). Stocks drew in all major regions, with the largest tumble posted along the US East Coast.