API data said to show 3.1 million-barrel fall in crude supplies
The American Petroleum Institute late Tuesday reported that crude supplies fell by 3.1 million barrels for the week ended Sept. 11, according to sources. Analysts polled by Platts forecast a fall of 200,000 barrels. October crude was at $45.15 a barrel on Globex, up from the $44.59 settlement on the New York Mercantile Exchange. 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.