Market Commentary and Intraday News
Ahead of the Bell: Oil supplies expected to rise
671 days agoMy #1 Trade For 2015
This sector has been heating up lately and now it looks ready to explode higher. The last time these signals flashed across my screen, this stock returned 700% for well positioned investors. Get the name of this stock before the opportunity passes you by.
Download this report right now
(AP:NEW YORK) The Energy Department is expected to report on Wednesday that the nation's crude oil supplies grew by 1.6 million barrels in the week ended March 22, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
Analysts estimate that gasoline supplies decreased by 1.6 million barrels, distillate stocks _ which include diesel and heating fuel _ fell by 700,000 barrels and refinery utilization rose by 0.6 percentage point to 84.1 percent of capacity.
The Energy Information Administration releases its weekly report at 10:30 a.m. EDT.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.