Oil prices were mostly flat for the day today. U.S. oil production and demand rose to a four-month high in April, despite that, demand for gasoline fell to 8.83 million barrels per day, its lowest since February, “The monthly report from the EIA suggested the gasoline demand was pretty poor,” said Phil Flynn, analyst at Price Futures Group. “Those numbers didn’t really inspire more buying.” Analysts also said some traders took profits at the end of the second quarter after prices rallied earlier this month. The U.S. personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, was flat in May, lifting hopes for rate cuts in September. Money managers raised their net long U.S. crude futures and options positions in the week to June 25, the U.S. Commodity Futures Trading Commission (CFTC) said. WTI traded down $.20 or -.24% to close at $81.54. Brent traded up $.02 to close at $86.41.