AP News

Ahead of the Bell: Oil supplies expected to rise


NEW YORK (AP) — The Energy Department is expected to report on Wednesday that the nation's crude oil supplies grew by 2.5 million barrels in the week ended Sept. 14, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Analysts estimate that gasoline supplies increased by 1 million barrels, distillate stocks — which include diesel and heating fuel — rose by 1 million barrels and refinery utilization increased by 0.2 percentage point to 86.7 percent of capacity.

The Energy Information Administration releases its weekly report at 10:30 a.m. EDT.


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus