The American Petroleum Institute late Tuesday reported that crude supplies fell 5.2 million barrels for the week ended May 15, according to sources. That was more than double the 2 million-barrel decline expected by analysts surveyed by Platts. July crude was at $58.28 a barrel in electronic trading, up from the $57.99 close on Nymex. The more closely watched Energy Information Administration report is due Wednesday.
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