Oil Futures Edge Up As Sources Say API Data Show U.S. Crude-supply Down 752,000 Barrels

Oil futures edged higher in electronic trading Tuesday from their settlement after the American Petroleum Institute reported a 752,000-barrel fall in U.S. crude supplies for the week ended Sept. 23, according to sources. That was the second-straight, unexpected weekly decline reported by the API. Analysts polled by S&P Global Platts forecast a 3.2 million-barrel increase in stockpiles for the latest week. The closely watched Energy Information Administration report will be released Wednesday. November crude was at $44.78 a barrel in electronic trading, up from the contract’s settlement of $44.67 on the New York Mercantile Exchange.

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