Oil Falls, but Holds Over $100 a Barrel
Oil fell more than $1 Thursday but remained over $100 a barrel for a second day, Bloomberg reported.
Crude futures fell $1.09 to finish the trading day at $100.23 a barrel on the New York Mercantile Exchange, Bloomberg said. It was just the third time in the past two weeks that oil has closed over the $100 mark.
Crude supplies rose by 600,000 last week, the Department of Energy said Wednesday.
Gasoline inventories rose 3.8 million barrels, leaving stockpiles at their highest level since February, Bloomberg reported.
Distillate inventories, which include diesel, fell by 2 million barrels for the week ended Saturday, DOE said in its weekly report,
Diesel and gasoline pump prices have fallen for the past several weeks after more than five months of consistent gains.
