AP News

Ahead of the Bell: Oil supplies expected to rise

NEW YORK (AP) — The Energy Department is expected to report Thursday that the nation's crude oil supplies grew by 2 million barrels in the week ended Feb. 15, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Analysts estimate that gasoline supplies shrank by 1.4 million barrels, distillate stocks — which include diesel and heating fuel — decreased by 1.4 million barrels and refinery utilization fell by 0.5 percentage point to 83.3 percent of capacity.

The Energy Information Administration releases its weekly report at 11:00 a.m. EST, a day later than usual because of the Presidents Day federal holiday on Monday.

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