Energy Down Amid Gasoline Demand Concerns - Energy Roundup

Features Dow Jones Newswires

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.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 06, 2017 16:25 ET (21:25 GMT)