MW: Crude falls as forecasts show inventories to rise
By Moming Zhou
NEW YORK (MarketWatch) -- Crude-oil futures fell Wednesday for a second day, as forecasts showed that the U.S. government will report a rise in crude inventories later Wednesday morning. Crude for December delivery, the new front-month contract, fell $2.71, or 3.8%, to $69.47 a barrel in early electronic trading. It dropped to $68.90 overnight, the lowest since Aug. 22. The U.S. Energy Information Administration is expected to report that crude stocks rose 2.9 million barrels last week, according to analysts surveyed by energy information provider Platts.
