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Ahead of the Bell: Oil supplies expected to fall

Associated Press Published: September 12, 2012

NEW YORK (AP) — The Energy Department is expected to report Wednesday that the nation's crude stockpiles fell by 3.3 million barrels for the week that ended Sept. 7, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Analysts predict gasoline supplies declined by 2.3 million barrels and distillate stocks — which include diesel and heating fuel — decreased by 1.5 million barrels. Refinery utilization is expected to increase by 0.5 percentage point to 86.6 percent.

The Energy Information Administration releases its weekly report at 10:30 a.m. EDT Wednesday.