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MAR 06, 2013 - MarketWatch

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Oil falls under $90 after EIA reports supply rise

SAN FRANCISCO (MarketWatch) -- Oil futures fell below $90 a barrel Wednesday after the U.S. Energy Information Administration reported that crude supplies climbed by 3.8 million barrels for the week ended March 1. Analysts polled by Platts expected a 1.1 million-barrel climb. Motor gasoline supplies fell 600,000 barrels, while distillate stockpiles declined by 3.8 million barrels, the EIA report said. Analysts expected a decline of 1.6 million barrels for gasoline stockpiles and a 1.3 million-barrel fall in distillate supplies. Following the latest data, April crude traded at $89.81 a ... Read More

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