The U.S. Energy Information Administration (EIA) revealed that crude inventories rose by 7.029 million barrels in the week ended April 5. Economists had forecast a decrease of 2.500 million barrels.

At the same time, gasoline stocks fell by 7.710 million barrels, while analysts had expected a drop of 2.150 million barrels. Distillate stocks declined by 0.116 million barrels, while analysts had forecast a decrease of 1.050 million barrels.

Meanwhile, oil production in the U.S. was unchanged at 12.200 million barrels a day. 

U.S. crude oil imports averaged 6.6 million barrels per day last week, down by 164,000 barrels per day from the previous week.