Oil headed for the first weekly gain in five on speculation the U.S. will take further steps to bolster the world’s largest economy and crude consumer. Gasoline traded near the highest in three weeks as Hurricane Irene threatened to disrupt fuel supply.

Oil headed for its first weekly gain in five as investors weighed the likelihood the U.S. will take further steps to bolster the economy amid signs growth is slowing. Gasoline extended gains as Hurricane Irene threatened to disrupt production.

Oil headed for its first weekly gain in five as investors weighed the likelihood the U.S. will take further steps to bolster the economy amid signs growth is slowing. Gasoline extended gains as Hurricane Irene threatened to disrupt production.

Dow Jones )- Chicago's spot gasoline pricing premiums widened sharply Tuesday as refiners stepped in to buy following news of production problems at two area refineries. A compressor snag at a …

ExxonMobil Corp. (XOM) told Texas environmental regulators that FCCU No. 3 tripped Aug. 17 at its 560,600-barrel-a-day refinery in Baytown, Texas. A spokeswoman also said the catalytic lighting unit …

The EIA just released its weekly oil inventory report, and crude oil inventories rose 4.223 million barrels, versus estimates of a draw down of 500,000 barrels.
Distillate inventories came in at 2.449 million barrels, versus estimates of a rise of 550,000 barrels.

Brent crude rose on Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in US gasoline stocks.

Brent crude rose on Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S gasoline stocks and positive U.S. economic data trumped concerns over the euro zone debt crisis.

U.S. crude rose 0.2 percent to near $87 a barrel on Wednesday as declining U.S. gasoline stockpiles helped offset lingering concerns over Europe’s debt crisis.

Gasoline and heating oil trade higher after hours as API data shows a decrease in inventories for the week ended Aug 12. Gasoline inventories fell a whopping 5.4M barrels, well beyond the expected 2.3M barrel shortfall anticipated, while distillates (heating oil) fell 1.3M barrels, versus expectations for a 700K barrel rise. Post your comment!