By Liz Moyer
Investing.com -- U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information Administration.
Crude oil inventories dropped 7.056 million barrels against expectations for a draw of 0.275 million barrels.
Distillate stocks rose 0.766 million barrels. The expectation had been for a build of 0.44 million barrels.
Gasoline inventories dropped 4.642 million barrels against expectations for a draw of 1.096 million barrels.