Oil lower after unexpected inventories increase

Crude-oil futures on Wednesday turned lower after a weekly government report showed a surprise increase in inventories.The Energy Information Administration reported an increase of 2 million barrels for the week ended Sept. 7. That contrasted with analyst expectations of a decline of 3.3 million for crude. The EIA also reported a drop in gasoline inventories by 1.2 million barrels, and an increase for distillates by 1.5 million barrels. The analysts surveyed had expected gasoline inventories down 2.3 million, and stockpiles of distillates down 1.5 million