Futures Movers: Oil ends higher as crude supplies unexpectedly decline

Oil prices ended higher on Wednesday after U.S. government data revealed an unexpected decline in crude inventories, but a rise in gasoline stockpiles for the first time in four weeks kept gains in check.

The “data suggest that refiners have recovered from the [Hurricane] Harvey-related outages, and most importantly that downstream operations are returning to normal,” said Tyler Richey, co-editor of the Sevens Report.

November West Texas Intermediate crude CLX7, -0.17% rose 26 cents, or 0.5%, to settle at $52.14 a barrel on the New York Mercantile Exchange, recouping much of Tuesday’s nearly 0.7% decline.

The U.S.

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