EIA reports a weekly rise in U.S. crude supplies, but gasoline inventories fall

The Energy Information Administration on Wednesday reported that U.S. crude inventories edged up by 200,000 barrels for the week ended Sept. 23. That was less than the average forecasted climb of 400,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported weekly inventory declines of 2.4 million barrels for gasoline and 2.9 million barrels for distillates The analyst survey had called for decreases of 100,000 barrels each for gasoline and distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub edged up by 700,000 barrels for the week, the EIA said. November West Texas Intermediate crude CLX22, +2.80% was up $2.65, or 3.3%, at $81.15 a barrel on the New York Mercantile Exchange. It was at $80.22 before the supply data.