Oil prices pared some of their earlier gains on Wednesday after the U.S. Energy Information Administration said crude supplies climbed by 3.3 million barrels for the week ended April 6.
Analysts surveyed by S&P Global Platts had forecast a climb of 100,000 barrels, while the American Petroleum Institute on Tuesday reported a rise of roughly 1.8 million barrels, according to sources.
Gasoline stockpiles edged up by 500,000 barrels for the week, while distillate stockpiles fell by 1 million barrels, according to the EIA.
The S&P Global Platts survey forecast supply declines of 2 million barrels for gasoline and 1.2 million barrels for distillates.
May crude CLK8, +2.09% rose 42 cents, or 0.7%, to $65.93 a barrel on the New York Mercantile Exchange, down from $66.03 before the supply data.