Crude Oil Inventories Show Increase
Posted on: Wednesday, 2 November 2005, 12:00 CST
U.S. commercial crude oil inventories rose 2.7 million barrels last week to total 319.1 million, the Energy Department said Wednesday.
That's 12 percent above the level a year ago.
Motor gasoline stocks were up 1 million barrels at 196.9 million barrels. Distillate supplies fell less than expected, down 200,000 barrels at 120.9 million.
December crude was down 15 cents at $59.70 a barrel. December unleaded gas was down 1.36 cents at $1.59 a gallon. December heating oil lost 1.25 cents to $1.7925 a gallon.
Source: United Press International
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