EIA reports a bigger-than-expected weekly climb in U.S. crude-oil supplies

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The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 5.7 million barrels for the week ended Oct. 25. Crude supplies were forecast to increase by 2.5 million barrels, according to analysts polled by S&P Global Platts. The EIA data, however, showed supply declines of 3 million barrels for gasoline and 1 million barrels for distillates. The S&P Global Platts survey showed expectations for supply decreases of 2.5 million barrels for gasoline and 2.4 million barrels for distillates. December West Texas Intermediate crude fell 59 cents, or 1.1%, to $54.95 a barrel on the New York Mercantile Exchange, down from $55.17 before the supply data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.