Crude oil fell, paring yesterday's 4.7 percent gain, after an Energy Department report showed that the U.S. has ample fuel inventories.
Crude-oil supplies rose 789,000 barrels to 322.2 million last week, according to the report. Stockpiles of distillate fuel, which include heating oil and diesel, climbed 750,000 barrels to 142.6 million, the report showed. Yesterday, prices jumped the most since September 2005 after the U.S. said it would double the Strategic Petroleum Reserve by 2027.
Crude-oil supplies rose 789,000 barrels to 322.2 million last week, according to the report. Stockpiles of distillate fuel, which include heating oil and diesel, climbed 750,000 barrels to 142.6 million, the report showed. Yesterday, prices jumped the most since September 2005 after the U.S. said it would double the Strategic Petroleum Reserve by 2027.
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