The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories jumped by 15.022 million barrels in the week ended April 17. Economists had forecast a surge of 16.133 million barrels.

At the same time, gasoline stocks rose by 1.017 million barrels, while analysts had expected a gain of 3.578 million barrels. Distillate stocks surged by 7.876 million barrels, while analysts had forecast an increase of 2.750 million barrels.

Meanwhile, oil production in the U.S. decreased by 100,000 barrels a day to 12.200 million barrels a day.

U.S. crude oil imports averaged 4.9 million barrels per day last week, decreased by 0.7 million barrels per day from the previous week.