By Liz Moyer

Investing.com – According to Energy Information Administration (EIA), U.S. crude oils inventories declined more than predicted last week.

4.39 Million barrels fell against the expectations of a 1.38million barrel increase.

Stocks rose 1.23 Million barrels. It was expected that there would be a draw at 800,000.

The inventories declined by 4.77 Million barrels, compared to the 1.33 million barrels expected.