The EIA data showed that crude inventories dropped 6.4-million barrels, more than the 4.4-million-barrel drop forecast although a smaller drawdown that industry group the American Petroleum Institute's (API) report of a fall of 8.7-million barrels.
Global benchmark Brent crude futures fell to $49.93 a barrel, down 70 cents, or 1.38 percent, by 0630 GMT.
Refinery crude runs rose 229,000 barrels per day to 17.5 million bpd, surpassing its last peak at 17.3 million bpd in the week to April 21, and utilization rates increased 1.5 percentage points to 95 percent of nationwide capacity, data showed.
"Trump seems to be removing any barriers he can find that would obstruct growth of crude oil or natural gas", saidStewart Glickman, energy equity analyst at CFRA in NY.
Brent crude futures for August were up 63 cents, or 1.2%, at $51.39 a barrel during noon hour ET, after earlier rising to $51.44.
The cost of a barrel of crude slumped 2.4 percent, or $1.18, to $47.18 in electronic trading in NY on Friday, hours after Trump said the USA would immediately stop implementing the Paris deal.
President Donald Trump has vowed to provide extra support for US oil production and is widely expected to pull the United States out of a landmark global climate accord.
US crude production has also continued to increase, rising to 9.34 million bbl/d, up almost 500,000 bbl/d from a year-ago.
While there are signs that an effort led by the Organisation of the Petroleum Exporting Countries (Opec) to curb production by nearly 1.8 million barrels per day (bpd) is starting to impact actual supplies, traders said ongoing increases in United States output were undermining those cuts.
Rising output from Nigeria and Libya, which are exempted from the deal, is also undercutting oil producers' attempt to limit production.
Similarly, on Friday, demand for bearish puts expiring in March 2018 spiked, indicating traders and investors are already protecting against a more aggressive drop in price once OPEC's joint supply deal expires.
"A number of large-scale oil producers, that do not take part in these agreements, use such conditions to strengthen their market positions, and that leads rather to new imbalance than to the sustainable development", said Rosneft Chief Executive Igor Sechin, at an energy conference in St. Petersburg over the weekend.
"As these numbers are getting confirmed, the initial optimism about OPEC's temporary cuts, may turn to increasing skepticism about OPEC's choice of policy once the current output deal expires next year", says Bjørnar Tonhaugen, VP Oil Markets at Rystad Energy.
Also confirmed was the summer 2017 launch date for Threadripper and the X399 high-end platform, with further details being given. AMD officials also showed off the company's upcoming Ryzen-based mobile chip in what looked like a reference convertible laptop.
Trump repeatedly denounced that agreement as a giveaway to Iran, but his administration is still abiding by its terms. He also called the Saudi summit a "show-off" convention that "will not have any political and practical values".
Police have released cellphone video of the deadly shootout at a Texas vehicle dealership Tuesday that left three people dead. The main goal, he says, is to limit risk - not just for the bounty hunters but also for the fugitives and the public.
Emirates Team New Zealand recovered superbly to close the deficit completely by gate 3 as the teams headed into the turn together. That saw the Americans top the round-robin table and earn a bonus point for the America's Cup match at the end of the month.
But more importantly, let us not forget those who fought valiantly and laid down their lives for the freedoms we enjoy today. The volunteer military of the United States remains the most effective fighting force and peacekeeping unit in the world.
The move brings Moody's in line with rival Fitch, which has had an equivalent A+ rating on China since November 2007. Chinese stocks sank Wednesday after Moody's cut the country's debt rating and othe.
This tension will remain until a peaceful solution is ultimately found between the Israelis and the Palestinians. In his speech in Riyadh, Saudi Arabia, Trump said, "Iran has fueled the fires of sectarian conflict and terror".
State-run Qatar Airways also said that it has suspended all flights to Saudi Arabia with immediate effect. The government in Doha dismissed the comments as fake, attributing the report to a "shameful cybercrime".
Among the agreements was an arms deal worth nearly $110 billion with Saudi Arabia, described as the largest in U.S. history. Before the speech, Trump held individual meetings with leaders of several nations, including Egypt and Qatar.
Svetlana Kuznetsova struggled to keep up with the score at the end of her first-round victory over Christina McHale . Venus, playing at the French Open in Paris , told a TV interviewer: " She's going to call me her favourite aunt".
Someone bought a " covfefe " license plate in California, and there are already " covfefe " shirts and hats available for sale. But none of those sound right ("Despite the constant negative press, Coven is the best season of American Horror Story"? ).
In the series against the Celtics , James averaged 29.6 points per game, 6.8 assists per game, and 6.4 rebounds per game. We've played that way, and maybe people don't appreciate it because of a blowout or because of a sweep.
Costa played a starring role as Chelsea won the Premier League title this season, scoring 21 goals across all competitions. I'm not interested in other clubs, ' Costa told reporters after the cup final defeat. "Everybody knows the club I like.
For those of you working out indoors, they end up with contrasting data sets on the Apple Watch as well as the gym equipment. Similar to the iPhone, the control center will also now have flashlight functionality using the display.
Pence also tweeted , "Our thoughts & prayers are w/ the victims, courageous first responders & all the people of London". White House press secretary Sean Spicer said Trump had been briefed on the situation by his national security team.
Macron, in a joint news conference with Bloomberg and Hidalgo, said the Paris climate pact is irreversible despite U.S. The governors of three states - New York , California and Washington - announced Thursday plans to form the U.S.
You need to keep improvising. "It's a very mixed-up grid at the moment which I'm sure will all change again on Saturday". But he thinks he's done everything possible to prepare for the race , and even spent time Thursday on a simulator.
But this option may not be the likely route, since two senior officials say Trump is expected to withdraw from the climate deal . They include Apple , Google and Walmart. "It's unconscionable for the President of the United States to step away from it".
Lana has yet to debut on 'Smackdown Live ,' but has been training at NXT live events and with her husband, Rusev . Nakamura claiming the briefcase could even set up a potential feud with Mahal in the near future for Smackdown .
Andrew Weissman has led the fraud section at Justice, where he oversaw probes into corporate wrongdoing at Volkswagen and Takata. Mr Comey was leading the investigation into Russian meddling, and his dismissal sparked political uproar.
Some of the most recognizable faces in ESPN's National Football League coverage have left the company over the past year. If you're a pro football fan, are you surprised that ESPN chose to include John Clayton in the layoffs?
The guys respond to your tweets about clubs without trophies, Wayne Rooney and the worst transfers of the year. Jose Mourinho and Pep Guardiola are both in line for new deals in Manchester, according to reports on Sunday.
Prior to Tuesday, the US military had conducted 17 tests of its missile-defense system and nine were successful. The est comes amid heightened tensions between the USA and Pyongyang over North Korea's continued provocations.
Inter director Ausilio told Premium Sport: '[United] haven't made us an official offer for Perisic but their interest is there. The Colombian had been linked with a move to United in recent weeks, but it appears Jose Mourinho would prefer Perisic.