Ahead of the Bell: Crude reserves build expected
From AP News | 2010-01-21 11:13:00
<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>
Copyright 2010 <a href="http://www.ap.org">AP News</a></div></div>
Related Video by 5min
Related Articles
- What Can You and Your Family Expect Right Away? CBS 13 Topeka (WIBW) | 2010-03-22 00:56:19
- Southern New Jersey residents without flood insurance hope for state of emergency Press of Atlantic City | 2010-03-22 00:37:33
- Why America's health care system has to change Australian Broadcasting Company | 2010-03-22 00:13:03
- FACTBOX-Details of final U.S. healthcare bill Reuters | 2010-03-21 15:36:15
- Health care finale ABC 28 Tampa Bay (WFTS) | 2010-03-22 00:02:27
- AP Photo NBC 11 Pittsburgh (WPXI) | 2010-03-21 18:19:41
Related Blogs
- Health care reform passes Off the Kuff | 2010-03-21 23:25:15
- House Democrats Approve Health-Care Reform Bill HealthFinder | 2010-03-22 00:38:48
- A sentence from the insurance industry The Politico: Ben Smith | 2010-03-21 23:08:37
- Health care bill passes, puts benefits in reach of millions of Americans WalletPop | 2010-03-21 23:36:26
- Obama's Victory Of Persistence The Daily Dish | 2010-03-21 22:41:00
Related Video
- Obama states case for healthcare reform BBC Video World | 2010-03-18 13:56:29
- Crain's Headlines: Chicago Jobs; Big Bonuses CBS2 WBBM Top Stories Video | 2010-03-15 08:18:01
- CBS 2's Mike Flannery On Healthcare Reform CBS2 WBBM Top Stories Video | 2010-03-19 18:52:02