Oil prices reversed course Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies unexpectedly fell by 600,000 barrels in the week ended Oct. 21. Analysts polled by S&P Global Platts expected a 400,000-barrel climb, while the American Petroleum Institute late Tuesday reported a rise of 4.8 million barrels. Gasoline supplies, meanwhile, also declined by 2 million barrels and distillate stockpiles dropped 3.4 million barrels, according to the EIA. December crude rose by 4 cents, or less than 0.1%, to $50 a barrel on the New York Mercantile Exchange. Prices traded at $48.90 before the data.
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