Oil futures added to gains Thursday after the unexpectedly high rise in USA Consumer Confidence to 56.2 from 46.7. the U.S. Energy Information Administration reported an unexpected decline in crude supplies for the last week. Crude supplies fell by 2 million barrels.
Motor gasoline supplies rose 900,000 barrels, while distillate stocks fell 100,000 barrels, said the EIA report, released a day after because of storm Sandy. Following the report, the december crude oil traded at 87 USD a barrel, up 0.76 USD, or 0.9%. Oil was at 86.69 USD shortly before the data release.