Aug 4, 2011

Crude oil reserves climb to one million barrels

NEW YORK (AP) - Commercial crude oil and levels year - ago gasoline supplies rose last week, said Government supplies Wednesday.Crude have increased by 1 million barrels or 0.3 percent, to 355 million barrels, which is less than 0.8 per cent of the nation, the Department of energy energy Information Administration said in its weekly report.Analysts expected an increase of 2 million barrels for the week ending July 29, according to Platts, the McGraw-Hill Cos.Gasoline supplies energy information arm roses by 1.7 million barrels, or 0.8%, to 215.2 million barrels. That was higher than the analysts expectations for an increase of 350,000 barrels and 3.5% below levels of the year - it y a. application of oil during the four weeks, ended on 29 July was less than a year earlier, 3.6% averaged 9.1 million barrels per day.U.S. refineries led to 89.3% of the total capacity on average, an increase of 1 percentage point by the previous week. Analysts that provides the ability to increase to 88.5%.Supply of distillate, which include diesel and heating oil, increased 400,000 barrels of 152.3 million barrels. Analysts should distillate supplies will increase by 1.8 million barrels.Oil dropped $ 1.95 to $ 91.84 per barrel in morning trading on new york Mercantile Exchange.

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