The U.S. Energy Information Administration (EIA) revealed on Wednesday that crude inventories decreased by 4.856 million barrels in the week ended November 29. Economists had forecast a drop of 1.500 million barrels.

At the same time, gasoline stocks surged by 3.385 million barrels, while analysts had expected an increase of 1.750 million barrels. Distillate stocks climbed by 3.063 million barrels, while analysts had forecast an advance of 0.250 million barrels.

Meanwhile, oil production in the U.S. was unchanged at 12.900 million barrels a day.

U.S. crude oil imports averaged 6.0 million barrels per day last week, down by 201,000 barrels per day from the previous week.