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Post by bot on Oct 21, 2013 9:54:54 GMT -5
Crude-oil supplies up 4 million barrels: EIA SAN FRANCISCO (MarketWatch) -- Oil futures fell back below $100 a barrel on Monday following weekly data from the U.S. Energy Information Administration showing a climb in crude supplies that was more than expected. The EIA report, which covers the week ended Oct. 11, showed that crude stockpiles rose 4 million barrels. Analysts polled by Platts were looking for a climb of 2.25 million barrels but data covering the same period from American Petroleum Institute had shown a rise of 5.9 million barrels. Gasoline supplies fell 2.6 million barrels, while distillate stockpiles declined by 1.8 million barrels, the EIA said. Gasoline stockpiles were expected to fall by 400,000 barrels, while forecasts called for a decline of 1.3 million barrels for distillates. Following the latest data, November crude traded at $99.82 a barrel, down 99 cents, or 1%, on the New York Mercantile Exchange. It was trading around $100.08 shortly before the report. daily weblog archives www.usdemocrats.com/weblogcompendium usdemocrats.proboards.comtwitter www.twitter.com/usdemocratsgeo information portal www.1t23.com
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