The American Petroleum Institute reported Tuesday that U.S. crude supplies rose by 519,000 barrels for the week ended Oct. 20, according to sources. The API data, however, also showed a drop of 5.8 million barrels in gasoline stockpiles, while inventories of distillates fell by nearly 5 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 425,000 barrels in crude inventories, along with declines of 2.3 million barrels for gasoline and nearly 2.1 million barrels for distillate supplies. December crude was at $52.54 a barrel in electronic trading, up from the settlement of $52.47 on the New York Mercantile Exchange.
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