Oil futures climbed a bit more on Wednesday, following weekly data that showed a climb in crude supplies that was much less than the market expected.
The U.S. Energy Information Administration said crude stockpiles rose 100,000 barrels for the week ended Feb. 21. Analysts polled by Platts were looking for a climb of 1.5 million barrels.
Gasoline supplies fell by 2.8 million barrels, while distillate stockpiles unexpectedly rose 300,000 million barrels, the EIA said.
Gasoline stockpiles were expected to fall 1.5 million barrels while distillate supplies were seen down two million barrels, according to the Platts poll.
April crude traded at $102.54 U.S. a barrel, up 71 cents, or 0.7%, on the New York Mercantile Exchange. Before the report, prices traded at $102.36 U.S.
