06-07-2016 17:26 via news.yahoo.com

Oil slips on gasoline glut, Brexit pressure

By Barani Krishnan NEW YORK (Reuters) - Oil prices edged lower on Wednesday, pressured by a U.S. gasoline glut despite the busy driving season and weaker share prices on Wall Street from more economic worries over Britain's exit from the European Union. Profit for turning crude oil into gasoline, known as the gasoline "crack," fell to a February bottom below $13 a barrel as oversupply in the motor fuel forced U.S. refiners to cut output. "The fundamental weakness in gasoline markets is being exe
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