The U.S. Energy Information Administration (EIA) reported on Wednesday that crude inventories rose by 2.346 million barrels in the week ended October 1, following a build of 4.578 million barrels in the previous week. Economists had forecast a decrease of 0.418 million barrels.

At the same time, gasoline stocks climbed by 3.256 million barrels, while analysts had expected a fall of 0.279 million barrels. Distillate stocks dropped 0.396 million barrels, while analysts had forecast a decline of 1.007 million barrels.

Meanwhile, oil production in the U.S. increased 200,000 barrels a day to 11.300 million barrels a day.

U.S. crude oil imports averaged 7.0 million barrels per day last week, up by 483,000 barrels per day from the previous week.