If confirmed, the fall in crude oil supplies would be the first in nearly two months. On Nov. 8, crude supplies were 13 per cent above their five year average. Gasoline stocks, however, have fallen for five weeks in a row. gallon (3.79 litres), heating oil fell two cents to US$2.91 a gallon and natural gas lost six cents to $3.56 per 1,000 cubic feet.
benchmark for an international variety of crude, dropped $1.55 to US$106.92 a barrel on the ICE Futures exchange in London. retail sales due Wednesday might halt oil recent slide if the figures show increased demand for gasoline.
Crude oil posts small gain as traders await US supply data
Benchmark West Texas Intermediate crude for December delivery gained 31 cents to close at US$93.34 a barrel on the New York Mercantile Exchange.
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Data for the week ended Nov. 15 is expected to show declines of 500,000 barrels in crude oil stocks and 150,000 barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw Hill Cos.
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