Crude pares gains after EIA report shows increase *PIC*

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In Response To: API reports larger-than-expected oil supply rise ()

Crude pares gains after EIA report shows increase (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures trimmed gains Wednesday after the government reported a larger-than-expected increase in oil inventories for the week ended March 4. Crude for April delivery (clj11) rose 2 cents to $105.04 a barrel on the New York Mercantile Exchange. The contract had traded at $105.17 moments before the report's release. The Energy Information Administration reported crude-oil supplies rose 2.5 million barrels. Analysts surveyed by Dow Jones Newswires had expected a rise of 600,000 barrels. The EIA reported decreases for gasoline and distillates supplies.

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Crude pares gains after EIA report shows increase *PIC*

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