Oil prices decreased on the U.S. crude oil inventories data. The U.S. Energy Information Administration (EIA) released its crude oil inventories data on Thursday. U.S. crude inventories increased by 7.56 million barrels to 468.6 million in the week to October 09. It was the third consecutive increase.
Analysts had expected U.S. crude oil inventories to rise by 2.5 million barrels.
Gasoline inventories decreased by 2.6 million barrels, according to the EIA.
Crude stocks at the Cushing, Oklahoma, climbed by 1.125 million barrels.
U.S. crude oil imports climbed by 247,000 barrels per day.
Refineries in the U.S. were running at 86.0% of capacity, down from 87.5% the previous week.
WTI crude oil for November delivery declined to $45.42 a barrel on the New York Mercantile Exchange.
Brent crude oil for November decreased to $49.23 a barrel on ICE Futures Europe.