Oil futures pared some of their gains on Thursday after the U.S. Energy Information Administration reported an unexpected rise in domestic crude-oil supplies of 2.3 million barrels for the week ended Jan. 13. The American Petroleum Institute late Wednesday reported a drop of 5 million barrels, according to sources, while analysts polled by S&P Global Platts forecast a decline of 900,000 barrels. Gasoline supplies also climbed by 6 million barrels, while distillate stockpiles fell by 1 million barrels, according to the EIA. February crude was up 30 cents, or 0.6%, at $51.38 a barrel on the New York Mercantile Exchange from Wednesday’s settlement. It’s down from $52.50 before the data.
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