(Reuters) — U.S. crude stocks fell by nearly 11 million bbls last week even as refineries cut output, following a similar report from a key industry group, the Energy Information Administration (EIA) said on Wednesday.

Crude inventories fell by 10.8 million bbls in the week to July 19, compared with analysts’ expectations for a decrease of four million bbls. That followed an 11-million-bbl draw reported by the American Petroleum Institute (API) which releases its data on Tuesdays.

Oil prices were higher on the news. Brent crude gained 56 cents to $64.39/bbl as of 10:54 a.m. EST (1454 GMT), while U.S. crude rose 61 cents to $57.38/bbl.

“The big drawdown is probably an indication of things to come. I think we’re starting to see the impact of the OPEC production cuts, strong demand, and it’s starting to show up in the numbers,” said Phil Flynn, analyst with Price Futures Group in Chicago.

“The market is hesitant to overreact to these numbers. The bearish case for oil continues to be concerns about a slowdown in the global economy.”

Crude stocks at the Cushing, Okla., delivery hub fell by 429,000 bbls, EIA said. Production in the United States was down sharply, dropping to 11.3 million bbls/d from 12 million bbls/d a week earlier, owing to the shut-ins by offshore facilities due to Hurricane Barry.

Refinery crude runs fell by 233,000 bbls/d, EIA data showed. Refinery utilization rates fell by 1.3 percentage points.

Gasoline stocks fell by 226,000 bbls, compared with analysts’ expectations in a Reuters poll for a 730,000-bbl drop.

Distillate stockpiles, which include diesel and heating oil, rose by 613,000 bbls, versus expectations for a 499,000-bbl increase, the EIA data showed.

Net U.S. crude imports fell last week by 562,000 bbls/d.