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Oil falls; Energy Dept posts rise in distillate stk
SAN FRANCISCO (CBS.MW) -- January crude in New York is down $1.03 at $48.10 a barrel after the Energy Department said distillate supplies rose 2.3 million barrels to 117.9 million for the week ended Nov. 26.
Crude inventories rose for a tenth week by 900,000 barrels to total 293.3 million.
Gasoline stocks were up 3 million barrels to 205.7 million barrels.
January heating oil is down 3.43 cents at $1.384 a gallon and January unleaded gasoline is down 2.96 cents at $1.255 a gallon.
SAN FRANCISCO (CBS.MW) -- January crude in New York is down $1.03 at $48.10 a barrel after the Energy Department said distillate supplies rose 2.3 million barrels to 117.9 million for the week ended Nov. 26.
Crude inventories rose for a tenth week by 900,000 barrels to total 293.3 million.
Gasoline stocks were up 3 million barrels to 205.7 million barrels.
January heating oil is down 3.43 cents at $1.384 a gallon and January unleaded gasoline is down 2.96 cents at $1.255 a gallon.