Oil prices remained higher in a choppy trading session on Wednesday, after the Energy Information Administration reported a larger-than-expected fall in U.S. crude investments last week. The EIA reported that crude stock fell by 6.1 million barrels per week to the end of December 25. Analysts conducted by S&P Global Platts, on average, had watched crude stock fall 3.8 million barrels, while the American Petroleum Institute, an industrial trade group, on Tuesday reportedly dropped 4.8 million barrels. The EIA said gasoline deposits fell 1.2 million barrels, while distillate deposits rose 3.1 million barrels. Analysts conducted by S&P Global Platts expected gasoline deposits to show an increase of 2.3 million barrels and brewing stock to rise 1.3 million barrels. West Texas Raw Intermediate for Delivery in February CLG21,
it went up 34 cents, or 0.7%, at $ 48.34 a barrel on the New York Mercantile Exchange.