Crude oil traded lower today after a report was released by the Energy Department showing that heating oil and gasoline stockpiles increased. The report also showed that U.S. Crude inventories were down 8 million barrels equaling the lowest inventory in three years.

There was a lot of news for the energy markets to absorb as OPEC announced there would be no change in daily production from the member nations.

The report that U.S. gasoline supplies rose by 4 million barrels surprised the markets as analysts were expecting an increase of 950,000 barrels and distillates unchanged. Distillate stocks which include oil and diesels stockpiles increased by 1.4 million barrels.