API Data Said To Show 4.6 Million-barrel Climb In Crude Supplies

The American Petroleum Institute late Tuesday reported that crude supplies rose 4.6 million barrels for the week ended Sept. 25, according to sources. Analysts polled by Platts expected supplies to be unchanged for the week. November crude was at $44.84 a barrel on Globex, down from the contract’s settlement of $45.23 on the New York Mercantile Exchange. The more closely watched Energy Information Administration report is due Wednesday.

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