KUALA LUMPUR, Malaysia (AP) — Oil hovered above $93 a barrel Wednesday after a sharp plunge the day before in anticipation of high U.S. crude supplies. Benchmark U.S. crude for December delivery was up 30 cents to $93.34 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract dived $2.10 to close at a five-month low of $93.04 on Tuesday. Brent crude, the international benchmark, added 49 cents to $106.04 a barrel on the ICE exchange in London. Oil prices tumbled Tuesday amid expectations that U.S. crude stocks will rise for the eighth straight week. Data for the week ended Nov. 8 due later Wednesday is expected to show an increase in crude oil stocks of 1.8 million barrels, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. A report by the Paris-based International Energy […]