Investing.com - U.S. stockpiles of crude oil rose less than analysts expected last week, the Energy Information Administration reported Wednesday.
Oil inventories rose by 785,000 barrels for the week ended Feb. 28, the EIA said. That compared with expectations for a build of 2.64 million barrels, according to forecasts compiled by Investing.com.
Gasoline inventories fell by 4.34 million barrels, versus forecasts for a decline of about 2.1 million barrels. Distillate stockpilesdropped by 4 million barrels, compared with expectations for a drawdown of 1.93 million barrels.
WTI futures were 2.1% higher on the day after the release, little changed from before the numbers arrived.