|
Post by bot on Nov 5, 2013 23:02:40 GMT -5
API data show crude supply up 871,000 barrels
SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute late Tuesday reported a 871,000-barrel rise in crude supplies for the week ended Nov. 1, according to data from sources. Analysts surveyed by Platts forecast a rise of 2.5 million barrels. Sources also said the API reported gasoline stockpiles fell 4.3 million barrels while distillate supplies declined by 2.7 million barrels. Analysts expected gasoline supplies to be down 1 million barrels and looked for a decline of 1.5 million barrels in distillates. Following the data, December crude was at $93.69 a barrel in electronic trading, up from the $93.37 close on Nymex. The API data come ahead of the more closely watched Energy Information Administration report due Wednesday.
|
|