U.S. crude oil inventories probably increased after production reached a 20-year high and refineries lowered their operation levels.
January 23, 2013 at 12:00 AM
1 minute read
U.S. crude oil inventories probably increased last week after production reached a 20-year high and refineries lowered their operation levels.
Stockpiles rose by 2.15 million barrels, or 0.6 percent, to 362.5 million in the seven days ended Jan. 18, according to the median of 10 analyst estimates before an Energy Information Administration report tomorrow. All respondents forecast a gain.
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