By Liz Moyer
Investing.com -- U.S. oil stockpiles fell more than expected in the latest week, the Energy Information Administration said on Wednesday.
Crude oil inventories fell 7.99 million barrels last week, compared with analysts' expectations for a draw of 2.346 million barrels.
Distillate stockpiles, which include diesel and heating oil, fell 2.896 million barrels in the week against expectations for a draw of 1.12 million barrels, the EIA data showed.
Refinery crude runs were 225,000 barrels. The weekly refinery utilization rate rose 1.1%, according to the EIA report.
Gasoline inventories rose 737,000 barrels last week the EIA said, compared with expectations for a draw of 652,000 barrels.