Investing.com -- Crude oil stockpiles rose far more than expected in the latest week the Energy Information Administration said on Wednesday.
Crude inventories spiked last week, adding 15.2 million barrels compared with analysts' expectations for a 1.42 million-barrel drawdown.
Distillate stockpiles, which include diesel and heating oil, rose by 5.2 million barrels in the week against expectations for a 1.41 million barrel increase, the EIA data showed.
Refinery crude runs rose by 424,000 barrels in the last week, EIA said. The weekly refinery utilization rate was 1.7%, according to the report.
U.S. gasoline inventories rose by 4.22 million barrels last week the EIA said, compared with expectations for a 2.27 million-barrel build.