Oil futures rise amid Libyan tensions

HONG KONG (MarketWatch) — 

Oil futures advanced Wednesday ahead of U.S. crude-supply data due later in the day, and on concerns that a possible escalation of tensions in Libya will increase the risk 

of oil-supply disruptions.

February crude oil /quotes/zigman/2196836/realtime CLG4 +0.35%   rose 30 cents, or 0.3%, to $93.97 a barrel in electronic trading.

On Tuesday, the American Petroleum Institute reported a larger-than-expected draw of 7.3 million barrels in crude supplies. The more closely watched numbers from the U.S. Energy Information Administration are scheduled to come out on Wednesday at 10:30 am Eastern.