Oil futures pared losses Wednesday after the U.S. Energy Information Administration reported a bigger-than-expected decline of 2.8 million barrels in crude stockpiles for the week ended Aug. 9. Analysts polled by Platts were looking for a 1.5 million-barrel decline. Gasoline supplies fell by 1.2 million barrels, while distillate stockpiles rose 2 million barrels, the EIA said. Gasoline stockpiles were expected to fall by 2 million barrels, while forecasts called for an increase of 1 million barrels for distillates. Following the latest data, September crude CLU3 -0.44% traded at $106.48 a barrel on the New York ... (full story)