Investing.com - Oil extended slim gains Wednesday despite U.S. crude stocks unexpectedly rising in the latest week, official data showed Wednesday.
West Texas Intermediate was up 1.02% at $44.69 after the data release, compared with a reading of $44.27 just prior.
The Energy Information Administration said crude inventories rose by 118,000 barrels after a drop of 2.451 million barrels the previous week.
Crude inventories were forecast to fall by 2.585 million barrels. The API on Tuesday reported a rise of 851,000 barrels.
Gasoline stocks fell by about 894,000 barrels, more than expected, after a fall of 578,000 barrels the previous week.
Gasoline inventories were expected to fall by 583,000 barrels.