Crude oil - green shoots? 12:00

Crude extends losses after EIA petroleum data NEW YORK (MarketWatch) -- Crude-oil futures extended losses Wednesday after the Energy Information Administration reported increases in U.S. petroleum inventories last week as gasoline demand dropped to the lowest level in nearly eight months. Crude inventories rose 2.8 million barrels in the week ended Sept 18, gasoline inventories gained 5.4 million barrels, and distillate stockpiles, which include diesel and heating oil, rose 3 million barrels. Gasoline supplied, an implied gauge of consumption, fell to 8.79 million barrels a day, the lowest level since late January, the EIA data showed. On the New York Mercantile Exchange, November crude lost $2.72, or 3.8%, to $69.04 a barrel. It was down less than 2% ahead of the data.