The West Texas Intermediate for July delivery added 3 cents to settle at 72.15 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery increased 40 cents to close at 74.39 dollars a barrel on the London ICE Futures Exchange.
U.S. crude oil inventories decreased by 7.4 million barrels during the week ending June 11, the U.S. Energy Information Administration (EIA) said in a report on Wednesday. Analysts polled by S&P Global Platts had expected the EIA publications to show a decline of 4.2 million barrels in U.S. crude supplies.
At 466.7 million barrels, U.S. crude oil inventories were about 5 percent below the five-year average for this time of year.
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