Mon, May 28, 2012, 1:42 AM EDT - U.S. Markets closed for Memorial Day

Ahead of the Bell: Oil supplies expected to rise

Analysts expect DOE to report US oil supplies grew, gasoline stockpiles fell last week

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NEW YORK (AP) -- The Energy Department is expected to report on Wednesday that the nation's crude oil supplies grew by 2.2 million barrels in the week ended May 4, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Analysts expect gasoline supplies dropped by 600,000 barrels, distillate stocks — which include diesel and heating fuel — were unchanged and refinery utilization increased by 0.3 percentage point to 85.3 percent of capacity.

The Energy Information Administration releases its weekly report at 10:30 a.m. EDT.

 

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