Investing.com -- Crude oil inventories spiked last week, according to the Energy Information Administration.
Oil stockpiles rose 5.65 million barrels for the week ending July 4, the government agency said Wednesday. Analysts followed by Investing.com had forecast a draw of 3.1 million barrels. Inventories fell 7.1 million barrels the previous week.
The weekly data comes after the American Petroleum Institute estimated a 2 million build last week.