The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories rose by 1.442 million barrels in the week ended June 19. Economists had forecast an increase of 0.367 million barrels.

At the same time, gasoline stocks fell by 1.673 million barrels, while analysts had expected a drop of 1.304 million barrels. Distillate stocks increased by 0.249 million barrels, while analysts had forecast a decline of 0.620 million barrels.

Meanwhile, oil production in the U.S. climbed by 500,000 barrels a day to 11.000 million barrels a day.

U.S. crude oil imports averaged 6.5 million barrels per day last week, down by 102,000 barrels per day from the previous week.