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MAY 22, 2013 - MarketWatch

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Crude supplies fall, gasoline stockpiles rise: EIA

SAN FRANCISCO (MarketWatch) -- Oil futures lost more ground Wednesday after the U.S. Energy Information Administration reported a modest fall in last week's crude supplies along with an unexpected rise in gasoline inventories. Crude supplies fell 300,000 barrels for the week ended May 17. Analysts polled by Platts expected a 1.2 million-barrel decline. Gasoline supplies rose by 3 million barrels, while distillate stockpiles fell 1.1 million barrels. Gasoline stockpiles were expected to fall by 200,000 barrels, while forecasts called for a climb of 1.1 million barrels for distillates. ... Read More

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