API Data Show U.S. Crude Supplies Up 2.6 Million Barrels, According To Sources

The American Petroleum Institute late Tuesday reported that crude supplies rose by 2.6 million barrels for the week ended Nov. 20, according to sources. Analysts polled by Platts forecast a decline of 200,000 barrels. January crude was at $42.64 a barrel in electronic trading, down from the contract’s settlement of $42.87 on the New York Mercantile Exchange. The more closely watched Energy Information Administration report is due Wednesday.

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