NEW YORK (MarketWatch) -- Crude-oil futures rose more than 2% early Wednesday, as traders awaited the latest data on U.S. crude supplies due later in the session. Crude oil for November delivery rose $2.47 to $109.08 a barrel in electronic trading on Globex. "Crude futures were trading higher this morning on expectations the weekly fuel inventories report from the EIA [Energy Information Administration] will show sharp falls in fuel stocks, which overshadowed concerns over weaker demand amid slowing economies," wrote analysts at Sucden Research in a note.

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