Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies rose by 900,000 barrels for the week ended Oct. 20. That contradicted the forecast for a decline of 425,000 barrels by analysts surveyed by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 519,000-barrel climb. Gasoline stockpiles dropped by 5.5 million barrels for the week, while distillate stockpiles fell 5.2 million barrels, according to the EIA. The S&P Global Platts survey forecast drops of 2.3 million barrels for gasoline and nearly 2.1 million barrels for distillates. December crude was down 11 cents, or 0.2%, from Tuesday to $52.36 a barrel on the New York Mercantile Exchange. It was trading at $52.22 before the supply data.
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