The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories declined by 3.106 million barrels in the week ended June 14. Economists had forecast a decrease of 1.250 million barrels.

At the same time, gasoline stocks decreased by 1.692 million barrels, while analysts had expected an increase of 0.477 million barrels. Distillate stocks fell by 0.551 million barrels, while analysts had forecast an advance of 0.377 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 7.5 million barrels per day last week, down by 144,000 barrels per day from the previous week.