API Data Said To Show 2.1 Million-barrel Rise In Crude Supplies

The American Petroleum Institute late Wednesday reported that crude supplies rose by 2.1 million barrels for the week ended Sept. 4, according to sources. Analysts polled by Platts forecast a climb of 300,000 barrels. October crude was at $44.15 a barrel on Globex, unchanged from the settlement on the New York Mercantile Exchange. Supply reports were delayed by a day because of the Labor Day holiday. The more closely watched Energy Information Administration report is due Thursday.