EIA reports a fourth straight weekly rise in U.S. crude supplies [MarketWatch]
CME Group Inc. - Class A (CME)
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Source: MarketWatch
EIA reports a fourth straight weekly rise in U.S. crude supplies The Energy Information Administration reported Wednesday that domestic crude supplies rose by 6.5 million barrels for the week ended Oct. 12. That followed three consecutive weeks of gains. Analysts surveyed by S&P Global Platts had forecast a rise of 1.88 million barrels, while the American Petroleum Institute on Tuesday reported a decline of 2.1 million barrels, according to sources. Gasoline stockpiles fell by 2 million barrels last week, while distillate stockpiles declined by 800,000 barrels, according to the EIA. The S&P Global Platts survey had shown expectations for supply declines of 1.52 million barrels in gasoline and 1.5 million barrels for distillates. November crude CLX8, -2.79% dropped $1.82, or 2.5%, to $70.10 a barrel on the New York Mercantile Exchange. That's down from $70.87 before the supply data . Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up her
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