EIA data show an unexpected weekly rise in U.S. crude supplies, but gasoline stockpiles decline

The Energy Information Administration reported on Wednesday that U.S. crude inventories rose by 1.1 million barrels for the week ended Feb. 11. On average, analysts had forecast a decline of 200,000 barrels, according to a poll conducted by S&P Global Platts. The American Petroleum Institute on Tuesday reported a 1.1 million-barrel decrease, according to sources. The EIA also reported weekly inventory declines of 1.3 million barrels for gasoline and 1.6 million barrels for distillates. The S&P Global Platts survey expected supply declines of 900,000 barrels for gasoline and 1 million barrels for distillates. The EIA data showed crude stocks at the Cushing, Okla., Nymex delivery hub edged down by 1.9 million barrels for the week. March West Texas Intermediate crude CLH22, -1.98% was up $2.02, or 2.2%, at $94.09 a barrel on the New York Mercantile Exchange. It traded at $93.93 before the supply data.