API Data Said To Show 1.2 Million-Barrel Decline In Crude Supplies

Oct

06

API data said to show 1.2 million-barrel decline in crude supplies

 By Myra P. Saefong

Published: Oct 6, 2015 5:28 p.m. ET

The American Petroleum Institute late Tuesday reported that crude supplies fell 1.2 million barrels for the week ended Oct. 2, according to sources. Analysts polled by Platts expected supplies to be up 1.75 million barrels. November crude CLX5, +6.01% was at $49.04 a barrel on Globex, up from the contract’s settlement of $48.53 on the New York Mercantile Exchange. The more closely watched Energy Information Administration report is due Wednesday.