Oil prices kept earlier gains on Wednesday after the Energy Information Administration reported that domestic crude supplies fell by 5.8 million barrels for the week ended Aug. 17. Analysts surveyed by S&P Global Platts had forecast a fall of about 3.4 million barrels, while the American Petroleum Institute on Tuesday reported a decline of 5.2 million barrels, according to sources.
Gasoline stockpiles, however, climbed by 1.2 million barrels for the week, while distillate stockpiles added 1.8 million barrels, according to the EIA. The S&P Global Platts survey forecast a supply decrease of 400,000 barrels for gasoline, along with a climb of 2 million barrels for distillate stocks. October crude CLV8, +3.33% rose $1.50, or 2.3%, to $67.34 a barrel on the New York Mercantile Exchange, up a bit from $67.28 before the supply data. Yahoo
