EIA reports rise in U.S. crude supplies, but gasoline stockpiles fall

Data from the U.S. Energy Information Administration Thursday showed that domestic crude supplies climbed by 4.6 million barrels for the week ended Sept. 1. That’s larger than the forecast for a rise of 2.7 million barrels by analysts surveyed by S&P Global Platts. The American Petroleum Institute had reported late Wednesday an increase of 2.8 million barrels. Gasoline stockpiles were down 3.2 million barrels for the week, while distillate stockpiles edged down by 1.4 million barrels, according to the EIA. October crude fell 12 cents, or 0.2%, to $49.04 a barrel on the New York Mercantile Exchange. Prices traded at $48.91 before the supply data. October gasoline traded at $1.671 a gallon, down less than half a cent, or 0.1%.

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