A report released by the Energy Information Administration on Thursday showed crude oil inventories in the U.S. rose by more than expected in the week ended November 8th.
The EIA said crude oil inventories climbed by 2.1 million barrels last week, matching the increase seen in the previous week. Economists had expected crude oil inventories to edge up by 1.0 million barrels.
At 429.7 million barrels, crude oil inventories remain about 4 percent below the five-year average for this time of year, the EIA said.
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