The American Petroleum Institute late Tuesday reported that crude supplies climbed by 2.3 million barrels for the week ended July 17, according to sources. Analysts surveyed by Platts forecast a 1.9 million-barrel decline. September crude was at $50.71 a barrel on Globex, down from the $50.86 settlement. The more closely watched Energy Information Administration report is due Wednesday.
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
