Investing.com - Crude oil futures fell to session on Wednesday after U.S. inventories data showed that crude stockpiles rose more-than-expected last week.
On the New York Mercantile Exchange, crude oil futures for delivery in May were trading at $101.39, down 0.32%. Prices were at $101.95 a barrel prior to the release of the supply data.
The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 3.52 million barrels in the week ended April 18, compared to expectations for a build of 2.27 million barrels.
Total U.S. crude oil inventories stood at 397.7 million barrels as of last week, well above the average rang for this time of year.
The EIA said total motor gasoline inventories decreased by 0.27 million barrels, compared to forecasts for a decline of 1.71 million barrels, while distillate stockpiles rose by 0.59 million barrels.
A report from the American Petroleum Institute late Tuesday showed U.S. oil inventories rose by 519,000 barrels last week, while gasoline stocks fell by 3.4 million barrels and distillate stocks increased by 570,000 barrels.
Meanwhile, Brent oil for June delivery was down 0.22% to $109.04 a barrel on the ICE Futures Exchange in London, while the spread between the Brent and U.S. crude contracts stood at $7.65.