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US Gasoline, Heating Oil Stocks Rise, World Oil Prices Decline


World oil prices declined Wednesday after a U.S. government report showed strong supplies of gasoline and heating fuel in the key U.S. market.

The Energy Department said inventories of heating oil and diesel grew by two million barrels last week, and the stock of gasoline grew by a similar amount.

After the report, the Bloomberg financial news service reported the price of crude oil for future delivery fell 81 cents to $43.10 a barrel.

Concern about a shortage of heating fuel during winter in the U.S. market was a factor in pushing oil prices up in recent months.

Some information for this report provided by Bloomberg, Reuters and AP.

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