Oil Holds Over $89 a Barrel

Oil held just over $89 a barrel Thursday in advance of the Department of Energy’s weekly report on crude, diesel and gasoline inventories, Bloomberg reported.

Crude futures traded at $89.44 a barrel in early New York Mercantile Exchange trading, up a dime from Wednesday’s close, in advance of DOE’s report, Bloomberg said.

Gasoline and diesel prices both rose close to a nickel this week in their second straight weekly increases.

DOE will release its weekly inventory reports on crude, gasoline and distillates, which include diesel, Wednesday morning in Washington.