Investing.com -- U.S. oil stockpiles dropped by more than expected in the latest week, the Energy Information Administration said on Wednesday.
Crude oil inventories dropped by 6.422 million barrels last week, compared with analysts' expectations for a draw of 3.544 million barrels.
Distillate stockpiles, which include diesel and heating oil, fell by 1.688 million barrels in the week against expectations for a draw of 1.612 million barrels, the EIA data showed.
Gasoline inventories declined by 1.848 million barrels last week the EIA said, compared with expectations for a draw of 1.957 million barrels.