Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 


Build in crude reserves seen

Send a link to a friend

[March 19, 2010]  NEW YORK (AP) -- The Energy Department will likely report a 1.65 million-barrel build in crude oil reserves on Thursday for the week ended Feb. 12, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

The Energy Information Administration releases its weekly report at 11 a.m. EST.

Platts also expects gasoline stockpiles to rise by 1.5 million barrels, distillate stocks to decline 1.6 million barrels and refinery utilization to increase 0.28 percentage points to 79.38 percent.

A reading above or below estimates can influence market trading.

Last Wednesday, the EIA said for the week ended Feb. 5 crude inventories climbed by 2.4 million barrels to 331.4 million barrels; gasoline inventories rose by 2.3 million barrels to 230.4 million barrels; and distillate inventories fell by 300,000 barrels to 156.2 million barrels.

Last week's crude oil figure exceeded the build of 2 million barrels analysts expected.

[Associated Press]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


< Recent articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor