Investing.com -- U.S. oil stockpiles fell more than expected in the latest week, the Energy Information Administration said on Wednesday.
Crude inventories fell 994,000 barrels last week, compared with analysts' expectations for a build of 446,000 barrels.
Distillate stockpiles, which include diesel and heating oil, declined by 9,000 barrels in the week against expectations for a draw of 429,000 barrels, the EIA data showed.
Refinery crude runs fell 80,000 barrels. The weekly refinery utilization rate was 0.6%, according to the EIA report.
Gasoline inventories rose 4.466 million barrels last week the EIA said, compared with expectations for a 1.134 million-barrel build.