The West Texas Intermediate for June delivery added 32 cents, or 0.3 percent, to settle at 102.02 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 33 cents, or 0.3 percent, to close at 105.32 dollars a barrel on the London ICE Futures Exchange.
The above market reactions came after weekly U.S. inventory readings presented a mixed picture.
The U.S. Energy Information Administration (EIA) reported on Wednesday that the nation's crude inventories increased by 0.7 million barrels during the week ending April 22. Analysts surveyed by The Wall Street Journal had forecast the EIA publications to show a rise of 0.6 million barrels in U.S. crude supplies.
According to the EIA, total motor gasoline inventories decreased by 1.6 million barrels last week, while distillate fuel inventories decreased by 1.4 million barrels.
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