The Energy Information Administration on Wednesday reported that U.S. crude supplies rose for a third week in a row, by 3.1 million barrels for the week ended Sept. 27. They were forecast to climb by 1.3 million barrels, according to analysts polled by S&P Global Platts. The American Petroleum Institute on Tuesday, however, reported a drop of 5.9 million barrels, according to sources.

The EIA data showed that gasoline inventories fell by 200,000 barrels, while distillate stockpiles declined by 2.4 million barrels last week.

The S&P Global Platts survey revealed expectations for a supply climb of 308,000 barrels for gasoline and a decline of 2.2 million barrels for distillates. November West Texas Intermediate crude fell 87 cents, or 1.6%, to $52.75 a barrel on the New York Mercantile Exchange, down from $53.55 before the supply data.

Source : Marketwatch