U.S. crude stocks fell unexpectedly last week, the Energy Information Administration said on Wednesday, while gasoline and distillate inventories also declined in a report that analysts said should be supportive for prices. Crude inventories fell by 2.2 million barrels in the week to April 7, compared with analysts’ expectations for an increase of 87,000 barrels. “A near 2.2 million barrel draw to commercial crude stocks and continued draws to product stocks should provide support to current prices,” said Troy Vincent, oil analyst at ClipperData. Oil prices bounced around following the release. Traders attributed the up-and-down action to the drawdown in inventories against another increase in U.S. production, higher inventories at the Cushing, Oklahoma, oil hub, and traders exiting profitable trades after the last two weeks of price gains. U.S. crude was down 9 cents to $53.31 a barrel as of 11:21 a.m. ET, while Brent crude dropped 17 cents […]