The Energy Information Administration released its report on US crude stocks, showing a drawdown of 1.9 million barrels in the week ending November 18, compared to a 1.9M increase in the previous reading, while analysts expected a 1.4M drop, with total stocks now reaching 457.1 million barrels, remaining within the upward range on average in this time of year.
Otherwise, gasoline stocks in the world's largest energy consumer rose 0.3 million barrels, while distillate stocks, including heating fuel, fell 1.0 million barrels, remaining within the lower range on average in this time of year.