By Sam Boughedda
Investing.com -- U.S. oil stockpiles declined by more than expected in the latest week, the Energy Information Administration said on Wednesday.
Crude inventories dropped by 3.449 million barrels last week, compared with analysts' expectations for a draw of 1.022 million barrels.
Distillate stockpiles, which include diesel and heating oil, dropped by 1.394 million barrels in the week against expectations for a draw of 1.550 million barrels, the EIA data showed.
Gasoline inventories rose by 785,000 barrels last week, the EIA said, compared with expectations for a draw of 1.744 barrels.