The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories plunged by 6.422 million barrels in the week ended September 10, following a draw of 1.529 million barrels in the previous week. Economists had forecast a drop of 3.903 million barrels.

At the same time, gasoline stocks fell by 1.858 million barrels, while analysts had expected a decrease of 1.957 million barrels. Distillate stocks declined 1.688 million barrels, while analysts had forecast a fall of 1.612 million barrels.

Meanwhile, oil production in the U.S. increased 100,000 barrels a day to 10.100 million barrels a day.

U.S. crude oil imports averaged 5.8 million barrels per day last week, down by 48,000 barrels per day from the previous week.