Ahead of the Bell: Crude reserves build expected

<div id="subtitle">Analysts expect DOE to post increase in oil, gasoline stockpiles</div><div><p>The Energy Department will likely report a 2.8 million-barrel build in crude oil reserves on Thursday for the week ended Jan. 15, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.</p><p>The Energy Information Administration releases its weekly report at 11:00 a.m. EST.</p><p>Platts also expects gasoline stockpiles to rise by 2.1 million barrels, distillate stocks to climb by 1.1 barrels and refinery utilization to decrease 0.9 percentage point to 80.4 percent.</p><p>A reading above or below estimates can influence market trading.</p><p>Last Wednesday, the EIA said for the week ended Jan.8 crude inventories rose by 3.7 million barrels to 331 million barrels; gasoline inventories rose by 3.8 million barrels to 223.5 million barrels; and distillate inventories rose by 1.4 million barrels to 160.4 million barrels.</p><p>Last week's crude oil figure exceeded the build of 1.9 million barrels analysts expected.</p><p>(This version CORRECTS release time to 11:00am EST)</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67430520&bid=informcom" /></div><div id="copyright"><div>


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