The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories surged by 5.720 million barrels in the week ended June 5. Economists had forecast a decrease of 1.738 million barrels.

At the same time, gasoline stocks rose by 0.866 million barrels, while analysts had expected a gain of 0.071 million barrels. Distillate stocks increased by 1.568 million barrels, while analysts had forecast a build of 2.957 million barrels.

Meanwhile, oil production in the U.S. decreased by 100,000 barrels a day to 11.100 million barrels a day.

U.S. crude oil imports averaged 6.9 million barrels per day last week, increased by 0.7 million barrels per day from the previous week.