UPDATE 6-Oil falls on higher U.S. inventories, supply

* China trade, central bank meetings remain in focus

* Rise in U.S. crude, gasoline stockpiles adds to the pressure

(Updates prices, adds EIA data)

LONDON, Jan 9 (Reuters) - Oil eased below $112 per barrel on Wednesday on increasing supply and rising inventories in the United States.

Brent futures shed 67 cents to $111.27 per barrel at 1556 GMT, after adding 54 cents on Tuesday. U.S. crude was trading down 37 cents at $92.78 per barrel.

A weekly U.S. Energy Information Administration (EIA) report said crude inventories rose 1.3 million barrels last week, slightly below expectations for a build of 1.5 million. Gasoline stocks rose by 7.4 million barrels.

"The report is solidly bearish with the large builds in refined products, especially gasoline," said John Kilduff of Again Capital LLC in New York.

The EIA had said on Tuesday that U.S. crude oil production will rise by the largest amount on record in 2013, and is set to soar by a quarter over two years.

The rapid increase underscores how improvements in horizontal drilling and hydraulic fracturing technology - commonly referred to as 'fracking' - have transformed the energy market in the last five years, allowing producers to tap shale oil from tight rock formations.

Olivier Jakob, analyst at Petromatrix in Zug, Switzerland said that the increased supply of oil from the United States could force other producers to cut supply if they want to maintain prices above $100 per barrel.

"Unfortunately for Saudi Arabia, its current oil price target is at a level that does not stimulate demand hence OPEC will be forced in 2013 to cut production to accommodate the higher U.S. production levels," he said.

Price moves were muted as investors awaited Chinese trade data, more U.S. corporate earnings and the outcome of a European Central Bank policy meeting for insight on prospects for the world's largest economies.

China, the world's biggest energy consumer, will release its December trade figures on Thursday and fourth-quarter economic growth numbers on Jan. 18.

Reuters polls predicted that the trade numbers may show marginal improvement in the economy, although weak U.S. and European demand may weigh on exports. Economic growth may have accelerated, ending seven quarters of weaker expansion.

The American Petroleum Institute (API) said crude stocks rose 2.4 million barrels last week, beating analysts' expectations of a 1.5 million barrel increase.

The increase was largely due to a 1.2 million barrel per day jump in crude imports, API said.

The Bank of England and ECB policymakers begin two-day meetings on Wednesday and investors will be looking for hints that the ECB may lower interest rates in 2013 to pull the regional economy out of recession.

(Additional reporting by Ramya Venugopal in Singapore; editing by William Hardy)