API Data Show U.S. Crude Supplies Down 482,000 Barrels, According To Sources

The American Petroleum Institute late Tuesday reported that crude supplies fell by 482,000 barrels for the week ended Nov. 13, according to sources. Analysts polled by Platts forecast an increase of 1.1 million barrels. December crude was at $41.05 a barrel in electronic trading, up from the contract’s settlement of $40.67 on the New York Mercantile Exchange. The more closely watched Energy Information Administration report is due Wednesday.

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