The U.S. Energy Information Administration on Wednesday reported that U.S. crude-oil supplies dropped by 10.3 million barrels for the week ended June 28.
Analysts polled by Platts were looking for a three-million-barrel decline. The American Petroleum Institute late Tuesday reported a drop of more than nine million barrels in stockpiles.
The agency also said gasoline supplies also declined by 1.7 million barrels, while distillate stockpiles fell 2.4 million barrels.
Gasoline stockpiles were expected to rise by one million barrels, while forecasts called for an increase of 1.3 million barrels for distillates.
Following the latest data, August crude traded at $101.66 U.S. a barrel, up $2.06, or 2.1%. It was trading around $101.40 U.S. before the report.
Related Stories
