Benchmark Nymex light, sweet crude-oil futures CL1X +2.68%advanced $1.94 to $77.61 a barrel in electronic trading during Asian trading hours Wednesday, taking back some recent losses. Crude-oil supplies fell by 3.1 million barrels for the week ended Sept. 30, the American Petroleum Institute reported late Tuesday. Analysts had been expecting supplies to rise, according to Bloomberg News. Oil finished below $76 a barrel for the first time in more than a year in regular New York trading Tuesday, pressured by worries about Europe’s debt crisis and the outlook for U.S. economic growth. “Oil prices remain under the sway of macroeconomic sentiment,” noted strategists at Barclays Capital.
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