U.S. crude oil inventories decreased last week, according to data released by the Energy Information Administration (EIA) on Wednesday.
Commercial crude oil stocks fell by 9.5 million barrels, or 2%, to 459 million barrels for the week ending July 5, the EIA data showed.
Last week, stocks fell more than the 3.08 million barrel expectation, supporting a rise in prices.
Strategic petroleum reserves, which are not included in the commercial crude stocks, remained unchanged at 644.8 million barrels last week, according to the data.
Gasoline inventories decreased by 1.5 million barrels, or 0.6%, to 229.2 million barrels over that period. The previous week saw gasoline inventories decline by 1.6 million barrels.
Meanwhile, the U.S.' crude oil production increased by 100,000 barrels per day (bpd) to around 12.3 million bpd for the week ending July 5.
By Zeynep Beyza Kilic