The Crude oil build has to be big by now, heres the report as it came out a day late, By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Crude-oil supplies rose 1.35 million barrels for the week ended Nov. 9, according to a report from the American Petroleum Institute late Wednesday. Data had been delayed by a day due to Monday's holiday. Distillate stocks rose by 184,000 barrels, while gasoline inventories fell 103,000 barrels last week, the report from the trade group said. The API data come ahead of the more closely watched U.S. Energy Information Administration report, which was delayed to Thursday. Analysts polled by Platts expect a 1.5 million-barrel increase in crude-oil supplies. They also forecast unchanged inventories for gasoline and a fall of 500,000 barrels in distillate supplies. Ahead of the API data, December crude /quotes/zigman/2084380 CLZ2 -0.10% settled at $86.32 a barrel, up 1.1%.