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API data reportedly show a more than 10 million-barrel weekly rise in U.S. crude supply

“They also forecast supply declines of nearly 1.8 million barrels for gasoline and 2.6 million barrels for distillates” writes Markets Commodities Reporter for marketwatch.com. The EIA data are expected to show crude inventories up by 4 million barrels last week, according to analysts polled by S&P Global Platts.The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 10.5 million barrels for the week ended Oct. 11, according to sources. November West Texas Intermediate crude CLX19, +0.47% was at $53.06 a barrel in electronic trading, down from the contract’s $53.36 settlement on the New York Mercantile Exchange.
 
Source: marketwatch.com



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