Crude, Heating Oil, Gasoline Slip on China Move: Oil Products

Oil fell, heading for its biggest weekly loss in three months, after China ordered banks to raise reserves in a move that may slow growth in the world’s largest energy-consuming country. Gasoline and heating oil both fell more than crude. Ethanol slipped.

“We’ve been worried about two major issues, in Ireland’s debt concern and Chinese rate rises,” said David Taylor, a market analyst at CMC Markets Ltd. in Sydney.