Crude-oil futures trimmed gains Wednesday after U.S. government data showed crude-oil inventories declined less than expected last week.
The Energy Information Administration said crude-oil inventories, excluding the Strategic Petroleum Reserve, fell by 1.68 million barrels to 453.6 million barrels.
Analysts surveyed by oil-data firm Platts had forecast a fall of 1.9 million barrels.
Nymex Sept. crude-oil futures were up 24 cents, or 0.6%, at $43.33 U.S. a barrel. The contract traded as high as $43.87 U.S. in earlier action.
The EIA said total gasoline inventories fell by 1.3 million barrels, while distillate fuel inventories rose by three million barrels. The Platts survey had found analysts looking for a 1.6-million-barrel fall in gasoline stocks and a 600,000-barrel rise in distillate stocks.
Related Stories
