Oil supplies meet forecasts with 2.4 mln rise: API *PIC*

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Oil supplies meet forecasts with 2.4 mln rise: API (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil inventories rose by 2.4 million barrels on the week ended Sept. 14, a trade group said late Tuesday. The American Petroleum Institute also reported gasoline stockpiles up 135,000 barrels, and supplies of distillates down 1.1 million barrels. The API report comes a day ahead of the more closely watched data from the Energy Information Administration. An EIA report along these lines would be likely bullish for oil prices. Analysts polled by Platts expect an increase of 2.5 million barrels for crude supplies, while gasoline and distillates inventories are seen up 1 million barrels each. Oil (clv2) ended lower on Tuesday, off 1.4% to settle at $95.29 a barrel, its lowest in nearly three weeks.

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