Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell 5.6 million barrels for the week ended Dec. 1. That was bigger than the forecast for a decline of 4.1 million barrels from analysts surveyed by S&P Global Platts. The American Petroleum Institute on Tuesday had reported a drop of 5.5 million barrels, according to sources. Gasoline stockpiles jumped by 6.8 million barrels for the week, while distillate stockpiles added 1.7 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply rise of 2.7 million barrels for gasoline and an increase of 1.5 million barrels for distillates. January crude fell 75 cents, or 1.3%, from Tuesday to $56.87 a barrel on the New York Mercantile Exchange, from $56.83 before the supply data. January gasoline lost 2.9 cents, or 1.7%, to $1.689 a gallon.
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