1. Along with crude oil, gasoline and heating oil inventories rose last week, exceeding analysts expectations. 2. Although American oil inventories are low, the statement issued after the Vienna meeting said that OPEC officials think that overall world inventories are too high. 3. An increase in heating oil demand would come at a time when robust European demand is preventing U.S. oil inventories from rising. 4. As temperatures start to dip, oil analysts are getting nervous about industry heating oil inventories that are running well below year-ago levels. 5. A larger-than-expected drop in refinery operations last week could lead to smaller gains in gasoline and heating oil inventories than analysts expected. 6. A surprise jump in heating oil inventories last week reported by the American Petroleum Institute pushed prices lower. 7. All seven analysts expect a rise in heating oil inventories, with refineries operating at unusually high rates. 8. All seven analysts expected a rise in heating oil inventories, with refineries operating at unusually high rates. 9. Concern the recent increase in heating oil inventories could soon end helped prices recover. 10. Crude oil futures also rose, in part because the API said oil inventories fell more than expected. |