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Oil fell for the first time in three days as strong refinery operations boosted inventories of gasoline and distillate. The gasoline crack spread, a rough measure of the profit from processing a barrel of oil into gasoline, fell for a sixth day. [Extracted from the article]

Crude oil fell the most in a week after Iran told fellow OPEC members they should anticipate more supply from the Middle East nation once sanctions are lifted. Iran can return production to pre-sanctions levels in a short time and wants OPEC to make room for increased supply, Oil Minister Bijan Namdar Zanganeh said in Vienna. The nation, once OPEC's second-biggest producer and now the fifth-largest, could increase output by 1 million barrels a day within six months of sanctions being removed, Zanganeh said in Vienna. [Extracted from the article]

U.S. crude supplies probably fell last week for a second time as refiners used more oil to produce fuels, a Bloomberg survey showed. Refineries probably increased their operation rates from the highest level in nearly five months, the survey showed. [Extracted from the article]

Inventories of distillate jumped by 11.2 million barrels last week, the Energy Information Administration said. U.S. refineries operated at the highest level for this time of year since 1999 as West Texas Intermediate crude, the U.S. benchmark, traded near the lowest level in more than five years. [Extracted from the article]

U.S. exports of petroleum products reached a record in August for the month as refiners boosted rates, the American Petroleum Institute said. Total deliveries of petroleum products, a measure of consumption, climbed 1 percent from a year earlier to 19.3 million barrels a day. "Petroleum demand last month showed slow but steady growth", John Felmy, chief economist at the API in Washington, said in the report. [Extracted from the article]

Supplies gained 3.67 million barrels in the seven days ended Sept. 12, the first increase in five weeks, the EIA, the Energy Department's statistical arm, said. WTI for October delivery slipped 46 cents, or 0.5 percent, to close at $94.42 a barrel on the New York Mercantile Exchange. Crude supplies climbed to 362.3 million barrels last week, the EIA said. [Extracted from the article]

The refinery utilization rate rose for the first time in five weeks. The refinery utilization rate increased to 93.4 percent last week, up from 91.6 percent, the EIA said. [Extracted from the article]