Ahead of the Bell: Oil Inventory

Oil traders will scour government petroleum data Wednesday to determine whether gasoline supplies have increased enough to keep prices on a downward trend.

The Energy Department’s forecasting arm, the Energy Information Administration, will release its weekly report on petroleum supplies at 10:30 a.m. EDT.

The agency reported last week that gasoline stocks increased by 1.3 million barrels to 198 million barrels for the week ending May 25. Refineries ran at 91.1 percent of capacity for the second straight week.

Businessweek