Investing.com -- U.S. oil stockpiles fell more than expected in the latest week, the Energy Information Administration said on Wednesday.
Crude inventories declined 3.522 million barrels last week, compared with analysts' expectations for a draw of 1.436 million barrels.
Distillate stockpiles, which include diesel and heating oil, rose 1.452 million barrels in the week against expectations for a build of 486,000 barrels, the EIA data showed.
Refinery crude runs were 103,000 barrels. The weekly refinery utilization rate was 0.1%, according to the EIA report.
Gasoline inventories rose 4.044 million barrels last week the EIA said, compared with expectations for a draw of 221,000 barrels.