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Post by bot on Nov 20, 2013 1:44:43 GMT -5
API data show crude supply up over 500,000 bbls SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute late Tuesday reported a more than 500,000-barrel rise in crude supplies for the week ended Nov. 15, according to data from sources. Analysts surveyed by Platts forecast a decline of 500,000 barrels. Sources also said the API reported gasoline stockpiles little changed, up by less than 100,000 barrels, while distillate supplies dropped by nearly 5 million barrels. Analysts expected gasoline supplies to fall 150,000 barrels and distillate inventories to decline by 1.3 million barrels. Following the data, December crude was at $93.34 a barrel in electronic trading, unchanged from the close on Nymex. The API data come ahead of the more closely watched Energy Information Administration report due Wednesday.
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