The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.3 million barrels for the week ended Jan. 24, according to sources. The API data also reportedly showed a stockpile increase of 3.3 million barrels for gasoline, while distillate stocks declined by about 141,000 barrels. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories rose by 1.4 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast a supply climb of 1.7 million barrels for gasoline, while distillate inventories were expected to decline by 1.6 million barrels. March West Texas Intermediate crude CLH20, +1.49% was at $53.80 a barrel in electronic trading. It settled at $53.48 Tuesday on the New York Mercantile Exchange.