9/28/2011 11:15:00 AM
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Oil fell more than $1 Wednesday to near $83 a barrel following a Department of Energy report that showed supplies rose last week, Bloomberg reported.
Crude futures slipped to $83.15 a barrel on the New York Mercantile Exchange, down from Tuesdayâ€™s $84.45 closing price.
DOE said Wednesday that crude inventories improved 1.9 million barrels last week.
Gasoline stockpiles rose 800,000 barrels for the week ended Saturday, slightly below economistsâ€™ forecasts, Bloomberg reported.
Distillates, which include diesel, gained 72,000 barrels, well below the 400,000-barrel increase forecast, Bloomberg said.
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Oil Falls to Near $83 a Barrel Following Supply Report (9/28/2011 11:15:00 AM)
Diesel Falls 4.7Â¢ to $3.786 in Third Straight Decline (9/27/2011 10:30:00 AM)
Gasoline Falls 12Â¢ in Two Weeks to $3.54, Lundberg Survey Says (9/26/2011 8:20:00 AM)
Diesel Average Drops 2.9Â¢ to $3.833 In Second Straight Weekly Decline (9/26/2011 1:30:00 AM)
Diesel Falls for Second Week, Declining 2.9Â¢ to $3.833; Gas Drops 6Â¢ to $3.601 (9/20/2011 8:45:00 AM)
Shell Sets Campaign to Boost Natural Gas; Plans LNG Plant, Distribution in Canada (9/19/2011 7:30:00 AM)