SINGAPORE (AP) — Oil prices hovered above $93 a barrel Wednesday in Asia after a report showed U.S. crude supplies grew more than expected last week, suggesting demand remains sluggish.
Benchmark crude for December delivery was up 16 cents at $93.33 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.90, or 2.1 percent, to settle at $93.17 in New York on Tuesday.
Brent crude was up 31 cents at $111.23 a barrel on the ICE Futures Exchange in London.
The American Petroleum Institute said late Tuesday that crude inventories rose 2.7 million barrels last week while analysts surveyed by Platts, the energy …
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