The U.S. Energy Information Administration (EIA) revealed on Thursday that crude inventories increased by 4.278 million barrels in the week ended November 6. Economists had forecast a fall of 0.913 million barrels.

At the same time, gasoline stocks dropped by 2.309 million barrels, while analysts had expected a decline of 0.263 million barrels. Distillate stocks tumbled by 5.354 million barrels, while analysts had forecast a decrease of 1.864 million barrels.

Meanwhile, oil production in the U.S. remained unchanged at 10.500 million barrels a day.

U.S. crude oil imports averaged 5.5 million barrels per day last week, up by 470,000 barrels per day from the previous week.