11. Crude oil rose, lifted by a larger-than-expected decline in U.S. heating oil inventories and reports of Iraqi military exercises. 12. Crude, gasoline and heating oil futures fell after a report that U.S. oil inventories gained last week, signaling supplies are ample ahead of peak summer gasoline demand. 13. Crude oil prices were little changed as traders awaited an industry report detailing changes in oil inventories before the start of the heating season. 14. Crude oil was little changed as traders awaited an industry report on U.S. oil inventories. 15. Despite earlier concerns, home heating oil inventories will likely be large enough to prevent prices from surging this winter, traders said. 16. Easing concern that heating oil inventories would run dangerously thin this winter helped fuel the drop in prices. 17. Even more difficult is the job of estimating oil inventories, which are held by oil producers around the world as well as petroleum refiners, traders and distributors. 18. Even so, the combination of low oil inventories and a lack of exploration are likely to push up the price of assets related to energy production. 19. For example, it reacted quickly last winter to build up heating oil inventories. 20. Heating oil inventories are considered ample in both Europe and North America due to poor winter heating demand. |