The U.S. Energy Information Administration on Wednesday reported that U.S. crude-oil supplies rose by 2.5 million barrels for the week ended June 7, to 393.8 million barrels.
Analysts polled by Platts were looking for no change. Gasoline supplies increased by 2.7 million barrels, while distillate stockpiles decreased by 1.2 million barrels, the EIA said.
Gasoline stockpiles were expected to rise by one million barrels, while forecasts called for a gain of 1.4 million barrels for distillates.
Following the latest data, July crude traded at $95.89 U.S. a barrel, up 51 cents, or 0.5%.
It was trading around $95.90 U.S. shortly before the report. The American Petroleum Institute late Tuesday had reported a nine-million-barrel rise in crude stockpiles.
