The U.S. Energy Information Administration on Wednesday reported that crude-oil supplies fell 6.3 million barrels for the week ended May 31, to 391.3 million barrels.
Analysts polled by Platts were looking for a one-million barrel decline. Gasoline supplies fell by 400,000 barrels, while distillate stockpiles rose by 2.6 million barrels, the EIA said.
Gasoline stockpiles were expected to rise by one million barrels, while forecasts called for a rise of 1.4 million barrels for distillates.
Following the latest data, July crude traded at $94.35 U.S. a barrel, up $1.04, or 1.2%. It was trading around $93.92 U.S. shortly before the report.
The American Petroleum Institute late Tuesday had reported a fall of 7.8 million barrels in crude stockpiles.
