API Data Shows Rise In U.S. Oil Inventories: Reports

By Markets MarketWatch Pulse

The American Petroleum Institute, an industry trade group, late Tuesday reported a 2.1 million barrel rise in U.S. crude-oil inventories last week, news reports said. More closely watched weekly data from the Energy Information Administration is due on Tuesday morning. Analysts surveyed by The Wall Street Journal forecast the report will show an 800,000 barrel drop in crude supplies.

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