API Data Reportedly Show U.S. Crude Supply Down 958,000 Barrels

By Myra P. SaefongMarketWatch Pulse

The American Petroleum Institute late Tuesday reported that crude supplies fell 958,000 barrels for the week ended July 3, according to sources. Analysts surveyed by Platts forecast a 1.1 million-barrel decline. August crude was at $52.67 a barrel on Globex, up from the $52.33 close on Nymex. The more closely watched Energy Information Administration report is due Wednesday.

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