(Bloomberg) — Oil fell as investors assessed signs of subdued US gasoline demand and the return of supplies from Libya. The drop came after a US report showed that gasoline inventories rose more than expected last week, while sluggish demand for the fuel pushed gasoline premiums against crude oil. Production in Libya is now above 700,000 barrels per day, after restrictions on the country’s exports were lifted in recent days. Traders also followed events in Europe as Russia’s largest gas pipeline to the continent restarted after a 10-day maintenance period. Most read from Bloomberg Businessweek©2022 Bloomberg LP
