Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- Improving Healthcare Outcomes through IT Policy
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
US crude oil supplies grow by 5.9 million barrels
Wednesday - 1/30/2013, 10:33am EST
NEW YORK (AP) - The nation's crude oil supplies rose last week, the government said Wednesday.
Crude supplies grew by 5.9 million barrels, or 1.6 percent, to 369.1 million barrels, which is 8.9 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Analysts expected an increase of 2.5 million barrels for the week ended Jan. 25, according to Platts, the energy information arm of McGraw-Hill Cos.
Gasoline supplies shrank by 1 million barrels, or 0.4 percent, to 232.3 million barrels. That's 0.9 percent above year-ago levels. Analysts expected gasoline supplies to be unchanged.
Demand for gasoline over the four weeks ended Jan. 25 was 3 percent higher than a year earlier, averaging 8.3 million barrels a day.
U.S. refineries ran at 85 percent of total capacity on average, up 1.4 percentage points from the prior week. Analysts expected capacity to decline to 83.4 percent.
Supplies of distillate fuel, which include diesel and heating oil, fell by 2.3 million barrels to 130.6 million barrels. Analysts expected distillate stocks to decline by 1 million barrels.
Benchmark crude futures rose by 15 cents to $97.72 a barrel in New York.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)