Oil futures fall in electronic trade as API data reportedly shows a hefty rise in U.S. crude supply – MarketWatch

Oil futures fell in electronic trading late Tuesday after the American Petroleum Institute reported that U.S. crude supplies rose by 9.9 million barrels for the week ended Oct. 19, according to sources. The API data also showed supply declines of 2.8 million barrels for gasoline and 2.4 million barrels for distillates, sources said. Supply data from the Energy Information Administration will be released Wednesday. Analysts polled by S&P Global Platts expect the EIA to report a climb of 3.3 million barrels in crude supplies. They also expect supply declines of 1.5 million barrels for gasoline, and 2.45 million barrels for distillates. December West Texas Intermediate crude CLZ8, +0.66% was at $66.08 a barrel in electronic trading, down from the $66.43 settlement on the New York Mercantile Exchange.
— Read on www.marketwatch.com/story/oil-futures-fall-in-electronic-trade-as-api-data-reportedly-shows-a-hefty-rise-in-us-crude-supply-2018-10-23