The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories decreased by 3.234 million barrels in the week ended August 13, following a drop of 0.447 million barrels in the previous week. Economists had forecast a draw of 1.055 million barrels.

At the same time, gasoline stocks rose by 0.696 million barrels, while analysts had expected a fall of 1.671 million barrels. Distillate stocks declined by 2.697 million barrels, while analysts had forecast a gain of 0.276 million barrels.

Meanwhile, oil production in the U.S. increased by 100,000 barrels a day to 11,400 million barrels a day.

U.S. crude oil imports averaged 6.4 million barrels per day last week, down by 46,000 barrels per day from the previous week.