"Oil gains more ground after EIA reports a 2.3 million-barrel rise in U.S. crude supplies"

As we noted last night on the American Petroleum Institute numbers:

The futures are up 1% from Tuesday's settle of $38.28, at $38.68, not as big a pop as one might expect for that big a miss...

Today we get the rest of the move, up $1.45 at $39.73.
From  MarketWatch:

Oil futures gained more ground on Wednesday after the U.S. Energy Information Administration reported a 2.3 million-barrel rise in crude-oil supplies for the week ended March 25. That was below the 2.6 million-barrel increase reported by the American Petroleum Institute, and close to the climb of 2 million barrels expected by analysts polled by Platts. Gasoline supplies fell by 2.5 million barrels, while distillate stockpiles edged down by 1.1 million barrels last week, according to the EIA....MORE

And we'll have more this afternoon.Here's the EIA's Weekly Petroleum Status Report.