The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Thursday. U.S. crude inventories fell by 1.4 million barrels to 535.7 million in the week to May 27.
Analysts had expected U.S. crude oil inventories to decline by 2.72 million barrels.
Gasoline inventories decreased by 1.5 million barrels, according to the EIA.
Crude stocks at the Cushing, Oklahoma, slid by 704,000 barrels.
U.S. crude oil imports increased by 425,000 barrels per day.
Refineries in the U.S. were running at 89.8% of capacity, up from 89.7% the previous week.
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