Crude oil futures traders work on the floor of the New York Mercantile Exchange. Traders on Thursday saw oil futures drop after reaching a new record above 00.

New York ? Oil futures retreated from a new record over $100 a barrel set Thursday after the government reported a larger-than-expected decline in crude oil inventories and an unexpected increase in heating oil supplies.

One day after oil prices briefly touched $100 for the first time, the Energy Department’s Energy Information Administration said crude inventories fell by 4 million barrels last week, much more than the 1.7 million barrel decline analysts surveyed by Dow Jones Newswires, on average, had expected.

On the other hand, inventories of distillates, which include heating oil and diesel fuel, rose by 600,000 barrels, countering analyst expectations that distillate supplies would fall by 600,000 barrels. And supplies of gasoline rose by 1.9 million barrels, more than the 1.3 million-barrel increase analysts had expected.

The report ultimately pulled prices lower by showing that critical heating oil supplies and refinery activity are growing more than expected.

Light, sweet crude for February delivery fell 44 cents to settle at $99.18 a barrel on the New York Mercantile Exchange after earlier rising to $100.09, a trading record.

“Any surprises (in the report) are more the result of false expectations as opposed to anything truly remarkable in the data,” said Tim Evans, an analyst at Citigroup Inc. in New York, who added that crude inventories often fall this time of year, while distillate and gasoline supplies typically increase.

February gasoline fell 2.75 cents to settle at $2.5414 a gallon on the Nymex, and February heating oil fell 2.13 cents to settle at $2.7191 a gallon. Both contracts set new trading records Thursday.

February natural gas fell 17.6 cents to settle at $7.674 per 1,000 cubic feet.

In London, February Brent crude fell 24 cents to settle at $97.60 a barrel on the ICE Futures exchange.

At the pump, meanwhile, gas prices rose 0.3 cent overnight to a national average of $3.052 a gallon, according to AAA and the Oil Price Information Service. Retail gas prices have rebounded in recent weeks, following oil’s lead.

In Lawrence, a gallon of regular unleaded averaged $2.877 Thursday, a drop of 2.2 cents from a day earlier, according to the information service.

Crude’s move to $100 a barrel prompted Indonesian officials to announce plans to ask OPEC to boost output to bring down oil prices, Dow Jones reported. While that may be tempting to some Organization of Petroleum Exporting Countries members, many analysts think high prices will themselves do the trick by cutting demand.

“It is unlikely the cartel will decide to increase output quotas ahead of the normally low-demand second quarter,” said Addison Armstrong, director of exchange traded markets at TFS Energy Futures LLC in Stamford, Conn., in a research note. “Furthermore, the U.S. economy is slowing, the result of which is likely to be lower demand for oil.”

There are signs demand is slowing. Gasoline demand fell last week by 160,000 barrels, and rose only 0.1 percent during the last four weeks compared to the same period last year.