Business News - Crude oil supplies drop

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Crude oil supplies drop

WASHINGTON (UPI) -- U.S. crude oil inventories fell by 4 million barrels in the week ending Oct. 30, the U.S. Energy Information Administration said Wednesday.

Crude inventories dropped to 335.9 million barrels during the week falling to a level near the upper limit of the average range for this time of year.

Gasoline inventories fell by 0.3 million barrels to 208.3 million barrels and were above the upper limit of the average range.

Supplies of distillate fuels, which include heating oil, dropped by 0.4 million barrels to 167.4 million barrels.

Finished gasoline inventories increased while gasoline blending components inventories decreased during the week, EIA reported.

Copyright 2009 by United Press International

This news arrived on: 11/04/2009

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