Oil May Fall on U.S. Fuel Inventories Increase, Survey Shows

(Bloomberg) — Crude oil may fall on speculation that U.S. fuel inventories will climb as the recession curbs demand in the world

U.S. gasoline stockpiles climbed 2.33 million barrels to 211.2 million last week, an Energy Department report on July 1 showed. Inventories of distillate fuel, a category that includes diesel and heating oil, climbed 2.9 million barrels to 155 million, the highest since 1987.