Crude oil futures pared gains after a U.S. government report showed an unexpected increase in inventories.
Supplies rose 970,000 barrels to 358.3 million in the week ended Sept. 17, the Energy Department said today in a weekly report. Inventories were forecast to fall 1.75 million barrels.
Gasoline stocks rose 1.6 million barrels, whereas analysts had seen it unchanged. Reserves of distillates, which include diesel and heating oil, rose 300,000 barrels, the EIA said. They were forecast to increase 100,000 barrels.
Crude for November delivery added 15 cents to $75.06 a barrel just after the report.
