Oil Near $40 With Volatility Falling and Gasoline Stocks Growing

Oil pared losses to trade near $40 a barrel before U.S. government data that’s forecast to show gasoline stockpiles increased.U.S. gasoline supplies expanded by 1 million barrels last week, according to a Bloomberg survey before industry figures expected later Tuesday. That was offset by the dollar easing some of its earlier gains. Crude has struggled to break far beyond $41 a barrel since early June, with volatility hitting its lowest level

Oil Near $40 With Volatility Falling and Gasoline Stocks Growing