Market Commentary and Intraday News
Ahead of the Bell: Oil supplies expected to rise
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(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.
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