By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Oil futures fell further Wednesday after the U.S. Energy Information Administration reported a bigger-than-expected rise in crude supplies for the week ended Nov. 2. Crude supplies rose by 1.8 million barrels. Analysts polled by Platts expected a 1 million-barrel increase. Motor gasoline supplies added 2.9 million barrels, while distillate stocks climbed 100,000 barrels, the EIA report said. Analysts had forecast a decline of 1 million barrels for gasoline inventories and a fall of 2 million barrels in distillate supplies. Following the latest data, December crude CLZ2 -3.38% traded at $85.80 a barrel, down $2.91, or 3.3%. It was trading around $86.08 shortly before the data release. The American Petroleum Institute reported late Tuesday that crude supplies were nearly unchanged last week.
