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MW: Oil keeps gains after inventories report
 
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures kept gains after a weekly report on supplies showed a smaller-than-expected decrease in inventories. Crude for August delivery CLQ2 +1.03% was up $1.32, or 1%, to $80.42 a barrel on the New York Mercantile Exchange. It was trading at $80.69 prior to the data, and at first it added to gains. The Energy Information Administration reported a decline of 100,000 barrels in crude supplies for the week ended June 22. Analysts polled by Platts had expected a decline around 1 million barrels. The EIA also reported gasoline inventories up 2.1 million barrels on the week, and distillates supplies down 2.3 million barrels. The analysts surveyed by Platts had expected gasoline stockpiles to rise by 300,000 barrels, and distillates up 1 million barrels.
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