Oil, Heating Oil, Gasoline Drop on Gain in US Fuel Stockpiles
Posted on Wednesday, November 23 @ W. Europe Standard Time |
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Crude oil, heating oil and gasoline fell after an Energy Department report showed that U.S. fuel stockpiles rose and on forecasts for milder weather in the U.S. Northeast...
Crude oil, heating oil and gasoline fell after an Energy Department report showed that U.S. fuel stockpiles rose and on forecasts for milder weather in the U.S. Northeast. Distillate fuel, gasoline and crude oil supplies climbed in the week ended Nov. 18, the report showed. Refineries repaired hurricane damage and boosted operating rates 1.8 percentage points to 88.1 percent of capacity, the highest since the week ended Sept. 16. Mild weather is forecast to move into the Northeast, where 80 percent of U.S. heating oil is consumed.
Read more at Bloomberg
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