API data said to show U.S. crude supply down 2.3 million barrels

The American Petroleum Institute late Tuesday reported that crude supplies fell by 2.3 million barrels for the week ended August 14, according to sources. Analysts polled by Platts forecast a decline of 1.2 million barrels. The more closely watched Energy Information Administration report is due Wednesday. September crude traded at $42.36 a barrel on Globex, down from the $42.62 settlement on the New York Mercantile Exchange.

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