Oil down after supply decline gives short boost *PIC*

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Oil down after supply decline gives short boost (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Crude-oil futures declined Wednesday after a short-lived boost from a higher-than-expected decline in crude inventories. Crude for October delivery (cl1v) retreated $1.12, or 1.2%, to $89.11 a barrel on the New York Mercantile Exchange, around the same level as prior to the report. The Energy Information Administration said Wednesday U.S. oil inventories declined 6.7 million barrels in the week ended Sept. 9. Analysts polled by Platts had expected a decline of 2.9 million barrels. Gasoline supplies added 1.9 million barrels, the EIA said, compared to expectations of a decline of 400,000. Distillates fuel inventories rose 1.7 million barrels, the EIA said. The analysts had seen them rising 1 million barrels.

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