Oil Supplies Rise in Survey on Cushing Pipeline: Energy Markets
This article is for subscribers only.
U.S. crude stockpiles rose for a fifth week as TransCanada Corp. completed an extension of a pipeline to Cushing, Oklahoma, adding to a glut at the country’s biggest oil-trading hub, a Bloomberg News survey showed.
Inventories climbed 2 million barrels, or 0.6 percent, in the seven days ended Feb. 11 from 345.1 million a week earlier, according to the median of 13 analyst estimates before an Energy Department report tomorrow. Twelve of the respondents forecast an increase and one projected a decline.