Distillate, Gasoline Inventories Fall; Oil Supplies Rise for Week

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rude oil inventories rose but distillate supplies, which include diesel fuel, fell last week, the Department of Energy reported Thursday.

Distillate stockpiles fell by almost 900,000 barrels, while crude oil supplies gained about 120,000 barrels for the week, DOE said in its weekly inventory report.

Analysts were forecasting a drop in crude inventories of 500,000 barrels, Bloomberg reported.

Gasoline supplies fell by 1.2 million barrels, DOE said. That was a bigger drop than analysts’ forecasts of a 250,000 barrel drop, Bloomberg reported.