U.S. crude oil stockpiles rose, while gasoline inventories fell, in a signal of steady demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 3.6 million barrels in the week to July 30 to 439.2 million barrels, compared with analysts’ expectations in a Reuters poll for a 3.1 million-barrel drop. Stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) for U.S. crude futures, however, fell for an eighth straight week, dropping by 543,000 barrels to 34.9 million barrels, their lowest since January 2020, the EIA said. Gasoline stocks (USOILG=ECI) fell by 5.3 million barrels, the EIA said, far more than expectations for a 1.8 million-barrel drop. Overall product supplied remained high, which analysts suggested was for now a signal that U.S. demand for fuel was weathering the increase in coronavirus infections. Overall product supplied by refiners, a proxy for demand, rose […]