API Data Show U.S. Oil Supplies Jumped By 9.9 Million Barrels: Sources

By Myra P. Saefong Markets MarketWatch Pulse

The American Petroleum Institute late Tuesday reported that crude supplies climbed by 9.9 million barrels for the week ended Feb. 26, according to sources who reviewed the report. The Energy Information Administration will release its own data Wednesday. Analysts polled by Platts forecast a climb of 2.5 million barrels. April crude traded at $33.83 a barrel in electronic trading, down from the contract’s settlement of $34.40 on the New York Mercantile Exchange.

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