The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories increased by 3.07 million barrels to 461.0 million in the week to October 02. It was the second consecutive increase.
Analysts had expected U.S. crude oil inventories to rise by 2.00 million barrels.
Gasoline inventories increased by 1.9 million barrels, according to the EIA.
Crude stocks at the Cushing, Oklahoma, climbed by 98,000 barrels.
U.S. crude oil imports fell by 486,000 barrels per day.
Refineries in the U.S. were running at 87.5% of capacity, down from 89.8% the previous week.