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JUL 16, 2013 - MarketWatch

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Oil sticks close to $106 after API supply data

SAN FRANCISCO (MarketWatch) -- Oil futures stuck close to $106 a barrel in electronic trading late Tuesday following news of a fall in U.S. crude supplies that generally matched expectations. The American Petroleum Institute said supplies fell 2.6 million barrels for the week ended July 12, according to sources. Analysts polled by Platts forecast a 2.5 million barrel decline. Sources also said the API reported gasoline stockpiles up 2.6 million barrels and distillate supplies up 3.8 million barrels. Analysts expected gasoline supplies to be unchanged and looked for a rise of 1.8 million ... Read More

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