Oil Supply Drops in Survey as U.S. Refinery Demand Climbs

- November 23rd, 2010

Bloomberg reports that U.S. crude-oil supplies probably dropped to their lowest level in three months as refinery demand increased with the end of seasonal maintenance.

Bloomberg reports that U.S. crude-oil supplies probably dropped to their lowest level in three months as refinery demand increased with the end of seasonal maintenance.

The market news is quoted as saying:

Inventories fell 2 million barrels, or 0.6 percent, in the seven days ended Nov. 19 from 357.6 million a week earlier, according to the median of 16 analyst estimates before an Energy Department report tomorrow.

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