Crude oil futures strengthened further on Wednesday, supported by data showing that supplies of U.S. crude fell by more than expected. The US Energy Information Administration (EIA) reported that domestic crude supplies dropped 7.6 million barrels for the week ended July 7, confounding expectations of draw of about only 2.9m barrels. Gasoline inventories unexpectedly fell by roughly 1.65m barrels, while distillate stockpiles rose by 3.13m barrels. But total U.S. crude production edged up by 59,000 barrels a day to 9.397 million barrels a day last week, according to the EIA figures.

Benchmark crude oil futures for August delivery added $0.45 or 1 percent to $45.49 on the New York Mercantile Exchange. In London, Brent crude for August delivery ended up by 0.44 percent at $47.73 a barrel on the ICE.

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