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

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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