The American Petroleum Institute late Tuesday reported that crude supplies rose by 4.4 million barrels for the week ended March 4, according to sources who reviewed the report. The closely-watched Energy Information Administration report will be released Wednesday. Analysts polled by Platts forecast a climb of 3 million barrels for crude inventories. April crude traded at $36.30 a barrel in electronic trading, down from the contract’s settlement of $36.50 on the New York Mercantile Exchange.
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