The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories increased by 0.414 million barrels in the week ended February 14. Economists had forecast an advance of 2494 million barrels.

At the same time, gasoline stocks declined by 1.971 million barrels, while analysts had expected a gain of 0.435 million barrels. Distillate stocks fell by 0.636 million barrels, while analysts had forecast a decrease of 1.459 million barrels.

Meanwhile, oil production in the U.S. was unchanged at 13.000 million barrels a day.

U.S. crude oil imports averaged 6.5 million barrels per day last week, down by 431,000 barrels per day from the previous week.