The Energy Information Administration reported Wednesday that U.S. crude investments totaled 1.3 million barrels for the week ended Feb. 19. That was contrary to expectations for an average fall of 4.8 million barrels, according to a study by investors. analysis analyzed by S&P Global Platts. The American Petroleum Institute on Tuesday reported an increase of about 1 million barrels, according to sources. EIA data also showed that crude stock at the Cushing, Okla. Storage facility rose 2.8 million barrels for the week. Meanwhile, the EIA said gasoline supply was “virtually unchanged,” while distillate stocks were down 5 million barrels for the week. The S&P Global Platts study had forecast a supply reduction of 2.8 million barrels for gasoline and 3.5 million barrels for distilling investments. April West Texas Intermediate Raw CLJ21,
it climbed to new intraday highs after the data, trading up $ 1.57, or 2.6%, at $ 63.24 a barrel on the New York Mercantile Exchange. Prices were at $ 62.73 before the supply data.