WTI rises a second day as U.S. freeze seen curbing supply
• 06 Feb 2014
Oil workers walk at the Itau Natural Gas Processing Plant after its inauguration, in Carapari, Tarija province (REUTERS/David Mercado )
There are still some very chilly places
Bloomberg - West Texas Intermediate crude rose for a second day following speculation a U.S. government report will show distillate inventories fell amid colder weather in the country, the world’s biggest oil consumer.
Futures climbed as much as 0.9 percent in New York. Distillate supplies, including heating oil and diesel, probably shrank by 2.5 million barrels to 113.7 million last week, according to a Bloomberg News survey before data from the Energy Information Administration today. An industry report yesterday showed stockpiles dropped 1.46 million. A second winter storm this week is moving into the U.S. Northeast.