India, May 14 -- The Energy Information Administration released a report on Wednesday showing an unexpected jump by U.S. crude oil inventories in the week ended May 9th.
The report said crude oil inventories shot up by 4 million barrels last week after falling by 2 million barrels in the previous week. Economists had expected crude oil inventories to dip by 1.0 million barrels.
At 441.8 million barrels, U.S. crude oil inventories remain about 6 percent below the five-year average for this time of year, the EIA said.
Meanwhile, the report said gasoline inventories fell by 1 million barrels last week and are about 3 percent below the five year average for this time of year.
Distillate fuel inventories, which include heating oil and diesel...