The U.S. Energy Information Administration (EIA) revealed that crude inventories fell by 1.396 million barrels in the week ended April 12. Economists had forecast an increase of 2.300 million barrels.

At the same time, gasoline stocks fell by 1.174 million barrels, while analysts had expected a drop of 2.300 million barrels. Distillate stocks declined by 0.362 million barrels, while analysts had forecast a decrease of 1.000 million barrels.

Meanwhile, oil production in the U.S. fell by 100,000 barrels a day to 12.100 million barrels a day.

U.S. crude oil imports averaged 6.0 million barrels per day last week, down by 607,000 barrels per day from the previous week.