Oil pares gains after EIA supply data ( CLX2 ) (by Myra P. Saefong)

SAN FRANCISCO (MarketWatch) -- Oil futures pared earlier gains Wednesday after the U.S. Energy Information Administration reported a bigger-than-expected rise in crude supplies for the week ended Oct. 12. Crude supplies rose by 2.9 million barrels, while motor gasoline supplies added 1.7 million barrels. Distillate stocks fell 2.2 million barrels last week, the EIA report said. Analysts polled by Platts expected a 1.5 million-barrel increase in crude-oil supplies for last week. They also forecasted a decline of 400,000 barrels for gasoline inventories and a fall of 1.5 million barrels in distillate supplies. Following the latest data, November crude (clx2) traded at $92.24 a barrel, up 21 cents, or 0.2%. It was trading around $92.64 shortly before the data release. The American Petroleum Institute late Tuesday reported a 3.7 million-barrel rise in crude supplies.