Energy companies gained as large withdrawals from crude oil stockpiles supported commodity prices.

U.S. crude inventories fell more than expected last week, along with declines in gasoline and distillate fuels as refineries raised their capacity use, according to data released Wednesday by the Energy Information Administration.

Stocks of gasoline and distillate fuels also fell more than expected from the previous week.

Natural gas stored underground increased by 32 billion cubic feet last week to 3,134 Bcf, which was almost 19% above the five-year average for the time of year, the EIA said.


Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

07-03-24 1627ET