AP News

Ahead of the Bell: Oil supplies expected to rise

NEW YORK (AP) — The Energy Department is expected to report Wednesday that the nation's crude oil supplies grew by 3 million barrels in the week ended Feb. 1, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Analysts estimate that gasoline supplies increased by 1.75 million barrels, distillate stocks — which include diesel and heating fuel — decreased by 750,000 barrels and refinery utilization fell by 0.75 percentage point to 84.25 percent of capacity.

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

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