By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures on Wednesday moderated gains somewhat after a weekly government supply report showed a decline in oil invetories that was less than expected. Crude for December delivery CL1Z +2.49% added $2.09, or 2.1%, to $101.48 a barrel on the New York Mercantile Exchange. It had earlier traded around $101.69 a barrel. The Energy Information Administration reported a decline of 1.1 million barrels in the week ended Nov. 11. Analysts polled by Platts had expected a decline around 1.5 million barrels. The EIA also reported gasoline inventories up 1 million barrels, and supplies of distillates down 2.1 million barrels. The Platts analysts had forecast gasoline supplies down 1.5 million, and distillates declining 3 million barrels.
