Stockpiles of U.S. crude rose sharply, the Energy Information Administration said Thursday.
Oil inventories rose by 8 million barrels for the week ended May 22, the EIA said. That compared with expectations for a draw of about 1.9 million barrels, according to forecasts compiled by .
Gasoline inventories fell by about 700,000 barrels, versus forecasts for a rise of about 100,000 barrels. Distillate stockpiles rose by 5.5 million barrels, compared with expectations for a build of about 1.8 million barrels.
WTI futures fell by 0.3%. They had been down 0.2% ahead of the numbers.
