Oil Rises a Second Day After a Decline in U.S. Diesel Supply
http://www.bloomberg.com/apps/news?p...I&refer=europe
By Angela Macdonald-Smith
Nov. 9 (Bloomberg) -- Crude oil rose for a second day after a U.S. Energy Department report showed U.S. diesel inventories fell for a fourth week.
Diesel supplies plunged 2.92 million barrels to 78.4 million last week, the report showed. Stockpiles of distillate fuel, a category that includes heating oil and diesel, declined 2.68 million, more than a drop of 800,000 barrels forecast in a Bloomberg News survey.
Crude oil for December delivery gained as much as 27 cents, or 0.5 percent, to $60.10 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It traded at $60.08 at 12:08 p.m. Singapore time.
Yesterday prices rose 90 cents, or 1.5 percent, to $59.83. Futures have fallen 24 percent from a record $78.40 reached on July 14.
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