Yehia Noor
01-19-2012, 02:07 PM
Oil Supplies
U.S. crude inventories dropped 4.81 million barrels last week, the most since the week ended Dec. 2, figures from the industry-funded API showed. They are forecast to climb 3 million barrels in the energy department report, according to the median of 12 analyst estimates in the Bloomberg News survey.
Gasoline supplies rose 4.31 million barrels, the API data showed. They are projected to increase 2.35 million barrels in the government report, according to the survey.
Distillate inventories, a category that includes diesel and heating oil, fell 900,000 barrels compared with an estimate for a 1.38 million barrel gain.
U.S. crude inventories dropped 4.81 million barrels last week, the most since the week ended Dec. 2, figures from the industry-funded API showed. They are forecast to climb 3 million barrels in the energy department report, according to the median of 12 analyst estimates in the Bloomberg News survey.
Gasoline supplies rose 4.31 million barrels, the API data showed. They are projected to increase 2.35 million barrels in the government report, according to the survey.
Distillate inventories, a category that includes diesel and heating oil, fell 900,000 barrels compared with an estimate for a 1.38 million barrel gain.