Crude falls as data show rising inventories
NEW YORK (MarketWatch) -- Crude-oil futures fell Wednesday after the Energy Information Administration reported crude inventories rose last week as imports increased. The EIA also reported a big buildup in gasoline inventories as demand remained weak. Crude inventories rose 1.3 million barrels in the week ended Jan. 1, and gasoline inventories gained 3.7 million barrels, the EIA said. Distillate stockpiles, which include heating oil and diesel, fell 300,000 barrels, as cold weather pushed up heating oil demand. After the data, crude for February delivery lost 0.7% to $81.17 a barrel, it was up about 0.5% before the data.
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