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EIA reports a much bigger-than-expected rise of 13.8 million barrels in U.S. crude supplies

From marketwatch.com

The U.S. Energy Information Administration on Wednesday reported a fifth straight weekly increase in crude-oil supplies that was much more than the market expected. Inventories climbed by 13.8 million barrels in domestic crude-oil supplies for the week ended Feb. 3. The American Petroleum Institute late Tuesday reported 14.2 million-barrel jump, according to sources, while analysts polled by S&P Global Platts forecast a climb of 2.5 million barrels. Gasoline supplies fell by 900,000 barrels, while distillate stockpiles were unchanged last week, according to the EIA. March crude CLH7, -0.81% fell 52 cents, or ... (full story)

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