Oil pares decline after inventories report

SAN FRANCISCO (MarketWatch)
Crude-oil futures trimmed their decline on Wednesday after a government report showed an increase for crude inventories but supportive data for crude products
Oil for June delivery declined 21 cents, or 0.2%, to $93.79 a barrel on the New York Mercantile Exchange
The contract traded around $93.33 before the data
The Energy Information Administration reported an increase of 2.1 million in crude inventories in the week ended May 11
Analysts polled by Platts had expected a rise by 1.5 million barrels
The EIA also reported gasoline supplies declined by 2.8 million, and distillates inventories were down by 1 million
The analysts surveyed by Platts had forecast gasoline inventories down 480,000 barrels and distillates stockpiles up 120,000 barrels.