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The U.S. Energy
Information Administration (EIA) revealed on Wednesday that crude inventories
decreased by 0.679 million barrels in the week ended November 27. Economists
had forecast a decline of 2.358 million barrels.
At the same time, gasoline stocks rose by 3.491 million barrels, while analysts had expected a gain of 2.386 million barrels. Distillate stocks advanced by 3.238 million barrels, while analysts had forecast a decrease of 0.209 million barrels.
Meanwhile, oil production in the U.S. grew by 100,000 barrels a day to 11.100 million barrels a day.
U.S. crude oil imports averaged 5.4 million barrels per day last week, up by 171,000 thousand barrels per day from the previous week.