Crude Falls On Supply Increase –

Crude Oil inventories showed a sharp increase rising 7.245 million barrels last week.  This far exceeded the 1.67 million barrel gain that was predicted by Platts.  The warmer weather and lower refinery utilization rates are part of the reason for the increase.  This time of year some refineries start to switch from heating oil to gasoline production.

To read a CBS MarketWatch article, please click here:


Jim Sutliff

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