Oil prices up slightly ahead of US election

Associated Press Modified: November 6, 2012 at 7:15 am •  Published: November 6, 2012
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Investors will also be monitoring fresh information on U.S. stockpiles of crude and refined products.

Data for the week ending Nov. 2 is expected to show a rise of 1 million barrels in crude oil stocks and a draw of 1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

The American Petroleum Institute will release its report on oil stocks later Tuesday, while the report from the Energy Department's Energy Information Administration — the market benchmark — will be out on Wednesday.

In other energy futures trading in New York:

— Wholesale gasoline rose 2.64 cents to $2.6466 per gallon;

— Heating oil added 1.47 cent to $2.9976 per gallon;

— Natural gas fell 3.4 cents to $3.52 per 1,000 cubic feet.

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Pamela Sampson in Bangkok contributed to this report.

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