The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Wednesday. U.S. crude inventories increased by 1.18 million barrels to 489.4 million in the week to November 27. It was the tenth consecutive increase.

Analysts had expected U.S. crude oil inventories to decline by 1.25 million barrels.

Gasoline inventories increased by 135,000 barrels, according to the EIA.

Crude stocks at the Cushing, Oklahoma, climbed by 428,000 million barrels.

U.S. crude oil imports increased by 414,000 barrels per day.

Refineries in the U.S. were running at 94.5% of capacity, up from 92.0% the previous week.