Oil supplies rise

NEW YORK (CNN/Money) – U.S. crude oil supplies climbed for the ninth straight week, the government reported Wednesday, but came in well below estimates — while inventories of fuel used for heating snapped a nine-week losing streak, rising far more than analyst estimates.

Crude inventories rose by 100,000 barrels in the week ended Nov. 19 to 292.4 million barrels, the Energy Information Administration reported. That’s well below the 700,000 barrel increase analysts expected, according to Reuters.

Distillate supplies, the oil used for heating fuel, rose by 1 million barrels to 115.6 million. Analysts expected heating fuel supplies to post an increase of 400,000 barrels.
http://money.cnn.com/2004/11/24/news/economy/eia/?cnn=yes