The Energy Information Administration reported a buildup of 1.2 million barrels inn US crude stocks last week to 455.9 million barrels, while analysts expected a drop of 2.1 million barrels.
Gasoline stocks rose 2.1 million barrels to 230.9 million barrels, while distillate stocks rose 3.2 million barrels to 122.5 million barrels.
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US stock indices rose on Wednesday following the release of important data, while the tech sector rebounded.
MoreOil prices rose in European trade on Wednesday for the first time in six sessions, moving away from four-month lows as risk appetite rebounded.
MoreBitcoin rose on Wednesday on track for the fifth straight profit, marking two-week highs while trading once more above the $70,000 barrier.
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