The West Texas Intermediate for October delivery added 1.15 U.S. dollars, or 1.2 percent, to settle at 94.89 dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery increased 1 dollar, or 1 percent, to close at 101.22 dollars a barrel on the London ICE Futures Exchange.
The U.S. Energy Information Administration (EIA) reported Wednesday that the nation's commercial crude oil inventories decreased by 3.3 million barrels during the week ending Aug. 19. Analysts surveyed by S&P Global Commodity Insights had forecast U.S. crude stocks to show a decline of 3.2 million barrels.
According to the EIA, distillate fuel inventories decreased by 0.7 million barrels last week, while total motor gasoline inventories were virtually unchanged from the prior week.
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