The American Petroleum Institute reported late Tuesday that U.S. crude supply declined 5.3 million barrels for the week ending Jan. 22, according to sources. The data also show that gasoline stockpiles rose nearly 3.1 million barrels, while distilling investments rose 1.4 million barrels. Raw stocks at the Cushing, Okla. Storage facility, fell, meanwhile, 3.5 million barrels for the week, sources said. Census data from the Energy Information Administration will be released on Wednesday. On average, the EIA is expected to show crude investments down 1.7 million barrels, according to a study by analysts conducted by S&P Global Platts. The study also shows expectations for an inventory increase of 1.2 million barrels for gasoline and a decline of 800,000 barrels for brewers. March West Texas Raw Intermediate CLH21,
it was at $ 52.72 a barrel in electronic commerce, compared to Tuesday’s settlement at $ 52.61 on the New York Mercantile Exchange.