Oil closed higher on a surprise decline in U.S. crude inventories, but gains were limited with increased gasoline and diesel supplies underscoring weaker fuel demand. Futures in New York rose for a third straight day on Wednesday after flipping between gains and losses during the session. A U.S. government report showed domestic crude supplies fell more than 3 million barrels last week. But the data showed fuel supplies rose and gasoline inventories are at the highest since August, highlighting the mixed picture within the petroleum complex. “The bounce-back in exports and significant decline in imports is driving the draw,” said Rob Thummel, a portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets. Still, “lack of mobility will impact gasoline demand.” Despite the day-to-day fluctuations in headline crude futures, the rally in […]