Ahead Of The Bell: Drop In Crude Reserves Expected

NEW YORK (AP) — The Energy Department will likely report a 1.7 million-barrel drop in crude oil reserves on Wednesday for the week ended June 12, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

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

Platts also expects gasoline stockpiles to fall by 650,000 barrels, distillate stocks to rise by 950,000 barrels and refinery capacity to rise 0.25 percentage point to 86.15 percent. ...