Business

The Canadian Press - ONLINE EDITION

Energy Department says US crude oil supplies rose last week, gasoline inventories fell

By: The Associated Press

Posted: 02/21/2013 11:29 AM | Comments: 0

NEW YORK, N.Y. - The United States' crude oil supplies increased last week, the government said Thursday.

Crude supplies grew by 4.1 million barrels, or 1.1 per cent, to 376.4 million barrels, which is 10.5 per cent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

Analysts expected an increase of 2 million barrels for the week ended Feb. 15, according to Platts, the energy information arm of McGraw-Hill Cos.

Gasoline supplies fell by 2.9 million barrels, or 1.2 per cent, to 230.4 million barrels. That's 0.5 per cent below year-ago levels. Analysts expected gasoline supplies to decline by 1.4 million barrels.

Demand for gasoline over the four weeks ended Feb. 15 was up by 2.8 per cent from a year earlier, averaging 8.4 million barrels a day.

U.S. refineries ran at 82.9 per cent of total capacity on average, down 0.9 percentage point from the prior week. Analysts expected capacity to fall to 83.3 per cent.

Supplies of distillate fuel, which include diesel and heating oil, shrank by 2.3 million barrels to 123.6 million barrels. Analysts expected distillate stocks to decline by 1.4 million barrels.

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Business

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.