Ahead of the Bell: Oil supplies expected to fall

Published: 12:01:22 PM, Fri 28 December 2012 UTC

NEW YORK (AP) — The Energy Department is expected to report on Friday that the nation's crude oil supplies dropped by 2 million barrels in the week ended Dec. 21, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Analysts estimate that gasoline supplies increased by 250,000 barrels, distillate stocks — which include diesel and heating fuel — decreased by 350,000 barrels and refinery utilization rose by 0.1 percentage point to 91.6 percent of capacity.

The Energy Information Administration releases its weekly report at 11:00 a.m. EST. The report comes out two days later than usual because of the Christmas holiday.

Tags: ap, energy department, energy information administration, platts, nation, mcgraw-hill cos, diesel, dec., petroleum, friday, bell, hydrocarbon, coal, barrels, business, analysts, crude oil supplies, gasoline, oil refinery, new york, capacity, percentage point, weekly report, energy information, energy information arm, gasoline supplies, distillate stocks, utilization, christmas holiday, heating fuel, est, energy density

Close
Loading
Close