Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies rose by 2.2 million barrels for the week ended Nov. 3. That was contrary to the forecast for a decline of 2.7 million barrels from analysts surveyed by S&P Global Platts. The American Petroleum Institute on Tuesday reported a nearly 1.6 million-barrel decline. Gasoline stockpiles fell by 3.3 million barrels for the week, while distillate stockpiles shed 3.4 million barrels, according to the EIA. The S&P Global Platts survey forecast supply declines of 2.25 million barrels for gasoline and 1.85 million barrels for distillates. December crude was down 63 cents, or 1.1%, from Tuesday to $56.57 a barrel on the New York Mercantile Exchange. It traded at $56.86 before the supply data.
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