Oil Futures Fall As Sources Say API Data Show U.S. Crude Supply Up 4.4 Mln Barrels

Oil futures fell in electronic trading late Tuesday after the American Petroleum Institute reported a 4.4 million-barrel rise in U.S. crude supplies for the week ended Nov. 4, according to sources. Analysts polled by S&P Global Platts forecast a climb of 1.6 million barrels in stockpiles. Supply data from the Energy Information Administration will be released Wednesday. December crude was at $44.74 a barrel in electronic trading, down from the contract’s settlement of $44.98 on the New York Mercantile Exchange.

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