The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 3.7 million barrels for the week ended Nov. 29, according to sources. The API data, meanwhile, reportedly showed stockpile gains of 2.9 million barrels for gasoline and 794,000 barrels for distillates. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories down by 700,000 barrels last week, according to analysts polled by S&P Global Platts. They also forecast a supply increases of 2.7 million barrels for gasoline and 460,000 barrels for distillates. January West Texas Intermediate crude was at $56.23 a barrel in electronic trading, up from the contract's $56.10 settlement on the New York Mercantile Exchange.