The U.S. Energy Information Administration reported an unexpected decline in crude supplies for the week ended 16 November. Crude oil inventories fell by 1.5 million barrels vs 1.1 rise in for the previous week.
Motor gasoline supplies also fell 1.5 million barrels, while distillate stocks dropped 2.7 million barrels, the EIA report said.
Following the latest data, oil traded at 87.45 USD a barrel, up 70 cents.