Sam Boughedda

Investing.comThe Energy Information Administration reported Wednesday that U.S. oil stocks rose faster than anticipated in the last week.

Last week’s increase was 8.487 million barrels, in comparison to analysts’ predictions for a draw at 0.457million barrels.

According to the EIA, stockpiles including diesel and fell by 0.913 millions barrels per week, against the expectations of a draw down of 1.312million barrels.

According to the EIA, inventories fell by 3.607million barrels last week compared to expectations of a draw at 1.574 million barrels.