MW: Oil futures gain ahead of petroleum supplies data
Oil futures rose above $38 a barrel early Wednesday ahead of government data on petroleum supplies due later in the session. Crude oil for February delivery rose 46 cents at $38.22 a barrel in electronic trading on Globex. The Energy Information Administration will report last week's U.S. petroleum-inventories data at 10:30 a.m. Eastern on Wednesday. Analysts surveyed by Platts expect a buildup of 3 million barrels in U.S. commercial crude stocks for the week ended Jan. 9.
