The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories decreased by 0.745 million barrels in the week ended November 20. Economists had forecast a build of 0.127 million barrels.

At the same time, gasoline stocks rose by 2.200 million barrels, while analysts had expected a gain of 0.614 million barrels. Distillate stocks fell by 1.400 million barrels, while analysts had forecast a decrease of 1.586 million barrels.

Meanwhile, oil production in the U.S. increased by 100,000 barrels a day to 11.000 million barrels a day.

U.S. crude oil imports averaged 5.2 million barrels per day last week, down by 26,000 barrels per day from the previous week.