Reply #27: API posts fall in distillate supplies (Crude up to $42.90)

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http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38336.4537528125-829851421&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&

SAN FRANCISCO (CBS.MW) -- The American Petroleum Institute said distillate inventories for the week ended Dec. 10 fell by 2.2 million barrels to total 118.6 million. The Energy Department reported that stocks of the fuel were unchanged, but most analysts expected an inventory climb. The API also reported a 2.5 million-barrel rise in crude supplies to total 297.5 million, contrary to the Energy Department's reported 100,000-barrel fall. Gasoline stocks were down 1.3 million barrels at 206 million barrels, according to the API, contrary to the government's reported 1.5 million-barrel climb. January crude is now up $1.08 at $42.90 a barrel in New York.