MW: Oil futures fall on expectations of rising supplies
Oil futures fell early Wednesday, pressured by expectations that government data will show an increase in U.S. crude inventories. Crude oil for May delivery dropped $1.44, or 3%, to $52.55 a barrel on Globex. The Energy Information Administration is scheduled to release its weekly petroleum report at 10:30 a.m. Eastern. Analysts surveyed by Platts expect a rise of 1.4 million barrels in crude-oil inventories.
