Oil Steady as Stockpile Expectations Counter Products
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Oil was little changed in New York as rising prices of gasoline and heating oil countered expectations that U.S. stockpiles rose from a three-month low last week.
Prices moved less than 21 cents for the fourth straight day as products jumped after Motiva Enterprises LLC shut a crude unit at its Port Arthur, Texas, refinery and inventories were expected to gain 2 million barrels, according to a Bloomberg survey before an Energy Department report tomorrow.