U.S. Crude Oil Inventories 4.030M vs. 1.329M forecast

U.S. crude oil inventories rose more-than-expected last month, official data showed on Wednesday.

In a report, Energy Information Administration said that U.S. Crude Oil Inventories rose to a seasonally adjusted annual rate of 4.030M, from -2.379M in the preceding month.

Analysts had expected U.S. Crude Oil Inventories to rise 1.329M last month.