Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell by 8.9 million barrels for the week ended Aug. 11. That’s more than double the forecast for a decline of 3.6 million barrels by analysts surveyed by S&P Global Platts. The American Petroleum Institute had reported late Tuesday a fall of 9.2 million barrels, according to sources. Gasoline stockpiles were unchanged for the week, while distillate stockpiles climbed by 700,000 barrels last week, according to the EIA. September crude rose 12 cents, or 0.3%, to $47.67 a barrel on the New York Mercantile Exchange. Prices traded at $47.77 before the supply data.
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