Investing.com -- Oil stockpiles fell more than expected in the latest week, according to a report by the Energy Information Administration on Wednesday.
Crude inventories fell 3.1 million barrels last week, compared with analysts' expectations for a 1.937 million-barrel drawdown.
Distillate stockpiles, which include diesel and heating oil, rose by 167,000 barrels in the week against expectations for a build of 886,000 barrels, the EIA data showed.
Refinery crude runs fell 253,000 barrels in the last week, EIA said. The weekly refinery utilization rate was 0.8% according to the report.
Gasoline inventories rose 1 million barrels last week the EIA said, compared with expectations for a 1.6 million-barrel build.