Oil prices rose Wednesday after data from an industry group showed a decline in U.S. crude supplies, putting traders on watch for an official reading due later in the day. Futures, especially for Brent, were also supported by a major pipeline outage in Europe. West Texas Intermediate crude for delivery in January CLF8, +0.72% on the New York Mercantile Exchange was recently up 39 cents, or 0.7%, to $57.53 a barrel. February Brent LCOG8, +0.98% rose 53 cents, or 0.8%, to $63.87 a barrel. The American Petroleum Institute, an industry group, said late Tuesday that its own data for the week showed a 7.4-million-barrel decrease in crude supplies, a 2.3-million-barrel rise in gasoline stocks and a 1.5-million-barrel rise in distillate inventories, according to a market participant.via