The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories increased by 0.768 million barrels in the week ended November 13. Economists had forecast a build of 1.650 million barrels.

At the same time, gasoline stocks rose by 2.611 million barrels, while analysts had expected a gain of 0.087 million barrels. Distillate stocks plunged by 5.217 million barrels, while analysts had forecast a decrease of 1.457 million barrels.

Meanwhile, oil production in the U.S. surged by 400,000 barrels a day to 10.900 million barrels a day.

U.S. crude oil imports averaged 5.3 million barrels per day last week, down by 245,000 barrels per day from the previous week.