Crude Oil Falls on Expectation of U.S. Fuel Inventory Increase
Sept. 26 (Bloomberg) -- Oil fell on the expectation that U.S. fuel inventories, already above seasonal averages, will increase further.
A U.S. Energy Department report tomorrow will probably show motor fuel supplies rose for a sixth week, gaining 800,000 barrels, according to a Bloomberg News survey. Distillate stockpiles, including heating oil and diesel, probably advanced for a seventh week, gaining 1.7 million barrels, according to the median estimate of seven analysts.
A U.S. Energy Department report tomorrow will probably show motor fuel supplies rose for a sixth week, gaining 800,000 barrels, according to a Bloomberg News survey. Distillate stockpiles, including heating oil and diesel, probably advanced for a seventh week, gaining 1.7 million barrels, according to the median estimate of seven analysts.
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