Oil broke through the 60 usd level as US stocks of distillates dropped by more than the market had expected
Data from the Energy Information Administration showed that last week distillate stocks, which include heating oil, fell by 5 mln barrels against analysts' expectations of 3.5 mln barrels
Gasoline inventories fell by 3.1 mln barrels against expectations of a 950,000 drop
Closing above $60 will be a significant psychological event.
