: EIA reports weekly gains in U.S. crude and gasoline supplies

The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 16.3 million barrels for the week ended Feb. 10. On average, analysts forecasted a climb of 600,000 barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA report also showed a weekly inventory gain of 2.3 million barrels for gasoline, while distillate supplies fell by 1.3 million barrels for distillates. The analyst survey had forecast inventory an inventory increase of 1.6 million barrels for gasoline and a decline of 100,000 barrels for distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub rose by 600,000 barrels for the week, the EIA said. March West Texas Intermediate crude CLH23 was down 89 cents, or 1.1%, at $78.17 a barrel on the New York Mercantile Exchange. It was at $78.36 before the supply data.

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