Oil futures pared some gains on Wednesday immediately following weekly data that showed an unexpected climb in U.S. crude supplies.
The U.S. Energy Information Administration said crude stockpiles rose 900,000 barrels for the week ended May 9. Analysts polled by Platts were looking for a decline of 1.5 million barrels.
Gasoline supplies fell by 800,000 barrels, while distillate stockpiles declined by 1.1 million barrels, according to the EIA.
Gasoline stockpiles were expected to fall by one million barrels, while distillates, which include heating oil, were seen up one million barrels, according to the Platts poll.
June crude traded at $102.26 U.S. a barrel, up 56 cents, or 0.6%, on the New York Mercantile Exchange. Before the report, prices traded at $102.36 U.S.
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