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EIA reports a fall in U.S. crude supplies for a second week in a row

The U.S. Energy Information Administration reported Wednesday that crude provides declined by 1.4 million barrels for the week ended May 11. Analysts surveyed by S&P Global Platts had forecast a decline of 2.three million barrels, but the American Petroleum Institute on Tuesday reported a rise of just about 4.nine million barrels, consistent with assets. Gasoline stockpiles fell by three.8 million barrels for the week, while distillate stockpiles inched down by 100,000 barrels, consistent with the EIA. The S&P Global Platts survey forecast provide declines 2 million barrels for gasoline and 1.three million barrels for distillates. June crude CLM8, -0.20% was once down 31 cents, or 0.4%, to $71 a barrel on the New York Mercantile Exchange, up from $70.73 sooner than the provision information.