U.S. crude stocks fell last week, while gasoline stocks and distillate inventories rose, data from the Energy Information Administration (EIA) showed on Wednesday. Crude inventories fell by 2.7 million barrels to 467.93 million last week, compared with analysts’ expectations for a decrease of 1.7 million barrels. But the drop recorded by the EIA was less than the 2.9 million-barrel slide reported on Tuesday by industry group American Petroleum Institute (API). Crude stocks at the Cushing, Oklahoma, delivery hub rose by 112,000 barrels, the first increase since mid-April, EIA said. U.S. crude futures erased gains and briefly turned lower after the EIA data. U.S. July crude was up 8 cents at $60.05 a barrel, having swung from $59.81 to $61.38. Brent August crude was up 40 cents at $64.10, well off its $65.47 intraday peak. “The drawdown in crude oil inventories was expected so its effect is muted, […]