The American Petroleum Institute late Wednesday reported that crude supplies rose by 2.1 million barrels for the week ended Sept. 4, according to sources. Analysts polled by Platts forecast a climb of 300,000 barrels. October crude was at $44.15 a barrel on Globex, unchanged from the settlement on the New York Mercantile Exchange. Supply reports were delayed by a day because of the Labor Day holiday. The more closely watched Energy Information Administration report is due Thursday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News