Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell by 3.4 million barrels for the week ended Nov. 24. That was a bit higher than the forecast for a decline of 3 million barrels from analysts surveyed by S&P Global Platts. The American Petroleum Institute on Tuesday had reported an increase of 1.8 million barrels, according to sources. Gasoline stockpiles were up 3.6 million barrels for the week, while distillate stockpiles added 2.7 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 1.1 million barrels for gasoline and an increase of 160,000 barrels for distillates. January crude fell 20 cents, or 0.3%, from Tuesday to $57.79 a barrel on the New York Mercantile Exchange, little changed from $57.77 before the supply data.
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