API Data Show Unexpected Weekly Climb In U.S. Crude Supplies: Sources

By Myra P. SaefongMarketWatch Pulse

The American Petroleum Institute late Tuesday reported that crude supplies rose by 2.3 million barrels for the week ended Dec. 11, according to sources who reviewed the report. A Platts survey of analysts had forecast a decline of 2.5 million barrels. Following the data, January crude was at $36.78 a barrel in electronic trading, down from the $37.35 settlement on Nymex. The more closely watched EIA report is due Wednesday.

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