U.S. crude inventories fall by 0.9 million barrels to 531.5 million in the week to June 10
The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories fell by 0.9 million barrels to 531.5 million in the week to June 10.
Analysts had expected U.S. crude oil inventories to decline by 2.27 million barrels.
Gasoline inventories decreased by 2.63 million barrels, according to the EIA.
Crude stocks at the Cushing, Oklahoma, rose by 904,000 barrels.
U.S. crude oil imports decreased by 83,000 barrels per day.
Refineries in the U.S. were running at 90.2% of capacity, down from 90.9% the previous week.
Oil production declined to 8.716 million barrels a day last week from 8.745 million barrels a day in the previous week.