Crude, Gasoline and Distillate Supplies Fall for Week

rude oil, gasoline and distillate inventories all dropped last week, the Energy Department reported Wednesday, but market oil and gasoline prices remained stable in intraday trading.

Crude stockpiles dropped by 300,000 barrels, gasoline fell 4.4 million and distillate inventories, which include diesel, dropped 5.5 million, DOE said in its weekly inventory report.

The gasoline and distillate levels fell to lower levels than economists' forecasts, Bloomberg reported. Gasoline stocks were forecast to drop by 3 million barrels and crude stocks were expected to fall by 1.7 million barrels.

Meanwhile, American Trucking Associations economist Tavio Headley told CNBC Wednesday that the group favored a “single national standard” for diesel fuel, instead of the boutique fuels required by various states.