Oil Inches Lower As Sources Say API Data Show U.S. Supply Up Nearly 3.7 Mln Barrels

By Markets MarketWatch Pulse

Oil futures edged down in electronic trading late Tuesday after the American Petroleum Institute reported a 3.65 million-barrel rise in U.S. crude supplies for the week ended Nov. 11, according to sources. Analysts polled by S&P Global Platts forecast a decline of 2 million barrels in stockpiles. Supply data from the Energy Information Administration will be released Wednesday. December crude was at $45.76 a barrel in electronic trading, below the contract's settlement of $45.81 on the New York Mercantile Exchange.

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