Crude stockpiles rose by 117,999 barrels last week: EIA Gasoline inventories saw another decline amid supply concerns Crude oil prices gained as government data showed a drop in U.S. gasoline supplies that have remained stubbornly high at the start of the summer driving season. Futures rose as much as 1.4 percent in New York after the Energy Information Administration reported gasoline stockpiles fell 894,000 barrels. While total U.S. crude inventories rose by 117,999 barrels last week, the amount of oil held at the Cushing hub fell for the sixth week in a row. “At least there were draws in gasoline and distillates,” Brian Kessens, a managing director and portfolio manager at Tortoise Capital Advisors LLC in Leawood, Kansas, who helps manage $17.1 billion in energy assets, said by telephone. “The market’s giving the gasoline demand numbers the benefit of the doubt.” Oil tumbled into a bear market last week […]