The report also reportedly showed an increase of 3.9 million barrels in gasoline inventories, while distillate stockpiles declined by 3.5 million barrels. Traders are now awaiting official figures from the Energy Information Administration (EIA) scheduled for Thursday.
Oil prices extended gains after the report was released. Brent for April delivery was up 1.51 percent to sell for 64.54 dollars per barrel and West Texas Intermediate (WTI) for settlements in March gained 1.88 percent to go for 61.35 dollars per barrel.