Crude oil prices saw a half a dollar increases on disclosure of US government's weekly petroleum report that showed a decline in domestic inventories of distillate fuel, which include heating oil and diesel. February light sweet crude rose 47 cents to settle at US$58.56 a barrel on the New York Mercantile Exchange. February Brent crude futures on London's ICE Futures exchange rose 55 cents to settle at US$56.72 a barrel.
The Energy Information Administration reported that US inventories of distillate fuel fell by 2.8 million barrels to 127.7 million barrels (2% above year-ago levels). Gasoline inventories declined by 300,000 barrels to 204.1 million barrels (5% below year-ago levels).
22-Dec-05 
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