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US energy inventories mixed
AFP
WASHINGTON
Petroleumworld.com 11 09 06
US crude oil stockpiles rose last week but inventories of refined fuels fell, government data showed Wednesday.
The Department of Energy said inventories of crude oil rose by 400,000 barrels to 334.7 million in the week ended November 3. Analysts had expected a rise of 750,000 barrels.
Levels of distillate products, such as heating oil and diesel fuel, were down 2.7 million barrels to 138.6 million over the week. That was much bigger than the expected fall of 800,000 barrels.
Gasoline reserves fell 600,000 barrels to 204.0 million barrels, against forecasts for little change.
After the DoE report, crude oil futures in New York rose 55 cents to 59.48 dollars a barrel.
AFP 08 1539 GMT 11 06
Copyright© 2006 AFP. All Rights Reserved.
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