MW: Oil futures trade flat ahead of inventory data
Oil futures were little changed early Wednesday ahead of data that's expected to show a rise in crude supplies in the latest week. Crude oil for March delivery rose 17 cents to $41.78 a barrel in electronic trading on Globex. The Energy Information Administration will release data on petroleum supplies at 10:30 a.m. Eastern. Analysts surveyed by Platts expect a buildup of 3.4 million barrels in U.S. commercial crude stockpiles in the week ended Jan. 23. On Tuesday, oil futures tumbled 9% because of ongoing concerns over slowing energy demand.
