The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories rose by 2.3 million barrels to 534.8 million in the week to March 25.
Analysts had expected U.S. crude oil inventories to rise by 3.0 million barrels.
Gasoline inventories decreased by 2.5 million barrels, according to the EIA.
Crude stocks at the Cushing, Oklahoma, declined by 272,000 barrels.
U.S. crude oil imports fell by 636,000 barrels per day.
Refineries in the U.S. were running at 90.4% of capacity, up from 88.4% the previous week.
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