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Crude oil supplies little changed in week

Saturday, 18 February 2012 | 00:00
U.S. crude oil inventories were little changed in the week that ended Friday, the U.S. Energy Information Administration said.
The agency said crude oil inventories fell by 200,000 barrels to 339.1 million barrels in the latest report. Supplies are in the upper limit for the average range for this time of year, the agency said.
Supplies of distillate fuels -- which include home heating oil -- fell by 2.9 million barrels in the week to 143.7 million barrels and are in the middle of the average range for this time of year, the EIA said.
Gasoline inventories rose by 400,000 barrels to 232.2 million barrels and are in the upper limit of the average range for this time of year.
Inventories of finished gasoline rose, while supplies of blending components fell, the agency said.
The EIA said the national average price of regular gasoline increased 4.1 cents in the week to $3.523 per gallon, 38.3 cents above the same week a year earlier.
Source: UPI
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