NEW YORK (AP) -- The Energy Department is expected to report Friday that the nation's crude oil supplies dropped by 1 million barrels in the week ended Dec. 28, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
Analysts estimate that gasoline supplies increased 2.3 million barrels, distillate stocks — which include diesel and heating fuel — grew by 1.6 million barrels and refinery utilization rose by 0.45 percentage point to 90.75 percent of capacity.
The Energy Information Administration releases its weekly report at 11:00 a.m. EST, two days later than usual because of the New Year holiday on Tuesday.
