The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories rose by 2.385 million barrels in the week ended August 2. Economists had forecast a fall of 2.700 million barrels.

At the same time, gasoline stocks surged by 4.437 million barrels, while analysts had expected a drop of 1.250 million barrels. Distillate stocks climbed by 1.529 million barrels, while analysts had forecast an increase of 0.450 million barrels.

Meanwhile, oil production in the U.S. increased by 100,000 barrels a day to 12.300 million barrels a day.

U.S. crude oil imports averaged 7.1 million barrels per day last week, up by 485,000 barrels per day from the previous week.