The American Petroleum Institute late Tuesday reported that crude supplies rose by 1.9 million barrels for the week ended June 26, according to sources. Analysts surveyed by Platts forecast a 1.3 million-barrel decline. August crude was at $58.98 a barrel in electronic trading, down from the $59.47 close on Nymex. The more closely watched Energy Information Administration report is due Wednesday.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below