API data said to show 9.3 million-barrel jump in crude supplies

The American Petroleum Institute late Wednesday reported that crude supplies jumped by 9.3 million barrels for the week ended Oct. 9, according to sources.

Analysts polled by Platts expected supplies to be up 1.8 million barrels. November crude CLX5, -0.39% was at $46.15 a barrel in electronic trading, down from the contract’s settlement of $46.64 on the New York Mercantile Exchange.

The more closely watched Energy Information Administration report is due Thursday. Supply data are released a day later than usual this week because of Monday's holiday.

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