MW: Oil falls on expectation inventories rose a third week
NEW YORK (MarketWatch) -- Crude-oil futures fell Wednesday for a third session, tumbling below $37 a barrel on expectations that U.S. crude inventories had risen for a third week. The Energy Information Administration will release last week's petroleum inventories data Wednesday. Analysts surveyed by energy information provider Platts expect a 1.5 million barrel buildup in crude stockpiles. Crude for February delivery lost as much as $2.35, or 6%, to $36.63 a barrel in overnight electronic trading.
