Energy Down Amid Gasoline Demand Concerns - Energy Roundup
Shares of energy producers fell alongside oil futures amid concerns about gasoline demand. On Wednesday, the U.S. Energy Information Administration reported a build of 6.8 million barrels in gasoline inventories in the week ended Dec. 1, exceeding analyst expectations for a 1.7 million barrel increase. While crude inventories dropped by 5.6 million barrels last week, diminishing concerns that higher prices would lead to a surge in shale-oil production, the data raised demand concerns that had not hitherto been evident.
-Rob Curran, firstname.lastname@example.org
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December 06, 2017 16:25 ET (21:25 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.