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The Energy Information Administration reported Wednesday that domestic crude supplies fell by 1.7 million barrels for the week ended Jan. 4. Analysts polled by S&P Global Platts expected the EIA to report a fall of 1.4 million barrels in crude supplies, but sources said the American Petroleum Institute on Tuesday reported a drop of 6.1 million barrels. Gasoline stockpiles, however, climbed by 8.1 million barrels last week, while distillate stockpiles rose by 10.6 million barrels, according to the EIA. The S&P Global Platts survey had shown expectations for much smaller supply increases of 4.2 million barrels for gasoline and 4.3 million barrels in distillates. February West Texas Intermediate crude was up $1.08, or 2.2%, at $50.86 a barrel on the New York Mercantile Exchange, down from $51.36 before the data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.