the american petroleum institute late tuesday reported a decline in weekly us crude supplies but inventories of gasoline climbed sharply according to sources the api reportedly said domestic crude supplies fell by 11 million barrels for the week ended jan 7 while gasoline stockpiles saw a weekly increase of 109 million barrels and distillate supplies rose by about 3 million barrels inventory data from the energy information administration will be released wednesday on average the eia is expected to show crude inventories down by 16 million barrels according to a survey of analysts conducted by sp global platts the survey also calls for weekly supply increases of 3 million barrels for gasoline and 2 million barrels for distillates oil prices held onto the days gains in the electronic trading session after the api data february west texas intermediate crude clg22 was at 8128 a barrel in electronic trading after settling tuesday at 8122 on the new york mercantile exchange february gasoline rbg22 traded at 2349 a gallon down slightly from the 2357 settlement