U.S. total oil demand rose in June on a year-over-year basis for the fifth straight month, as record gasoline demand offset stale distillate sales, the U.S. Energy Information Administration said on Wednesday. U.S. oil demand in June rose by 1.2 percent, or 242,000 barrels per day (bpd), from a year ago to 19.833 million bpd, the data showed. It was the seventh year-over-year increase in the past 11 months, EIA data shows. The demand growth was led once again by gasoline, which rose by 2.8 percent, or 270,000 bpd, from a year ago to 9.66 million bpd, according to the EIA’s petroleum supply monthly report. Gasoline demand in June was the highest ever, according to the EIA, which began tracking gasoline demand in 1945. U.S. gasoline demand is expected to […]