US crude oil inventories fell by 5.4 million barrels in the week ended November 11th, compared with market expectations of a smaller 0.44-million-barrel decrease, the latest US Energy Information Administration report showed. Crude stocks at Cushing, Oklahoma, went down by 1.624 million barrels, following a 0.923 million draw. In the meantime, gasoline stocks rose by 2.207 million, more than market expectations of a 0.31 million build, and distillate stockpiles, including diesel and heating oil, went up by 1.12 million, versus forecasts for a 0.513 million drop.
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