Mubasher: US crude oil inventories declined by around 1.255 million barrel, contrary to expectations, in the week that ended 18 November.
According to the American Energy Information Administration (EIA), gasoline inventories also fell by around 452,000 barrels, while distillate stockpiles, which include diesel and heating oil decreased by 12,000 barrels.
Last week, US oil stocks unexpectedly rose by 5.3 million, giving a negative sign regarding the decline in crude supply in global markets.
