U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday. Crude inventories jumped by 6.2 million barrels to about 436 million barrels in the week to April 27, compared with expectations for an increase of 739,000 barrels. The build was largely concentrated on the West Coast, where inventories rose by nearly 5 million barrels. “Sometimes the West Coast numbers are erratic and usually when you get a big build in the West Coast, it’s followed with a big draw the next week,” said Phil Flynn, analyst at Price Futures Group in Chicago. Gasoline stocks rose 1.2 million barrels, compared with analysts’ expectations in a Reuters poll for a 587,000-barrel drop. The oil market initially reacted negatively to the news, with prices dropping on the build in crude and […]