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MAR 27, 2013 - MarketWatch

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EIA reports bigger-than-expected crude supply rise

SAN FRANCISCO (MarketWatch) -- Oil futures continued to trade lower Wednesday after the U.S. Energy Information Administration reported a climb in crude supplies that was about double market expectations. Crude supplies rose 3.3 million barrels for the week ended March 22. Analysts polled by Platts expected a 1.6 million-barrel climb. Motor gasoline supplies fell by 1.6 million barrels, matching analysts' expectations, while distillate stockpiles declined by 4.5 million barrels, compared with forecasts for a decline of 700,000 barrels in distillate supplies. Following the latest data, May ... Read More

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