Crude oil futures moved higher on Wednesday after data from the US Energy Information Administration (EIA) showed domestic crude stockpiles declined for the first time in four weeks as refiners raised output. The EIA said in its weekly report that crude oil inventories fell by 1.8 million barrels in the week ended September 22. The report also showed that gasoline inventories rose by 1.1 million barrels, while distillate inventories including diesel, declined by 814,000 barrels. Total U.S. crude oil inventories stood at 471.0 million barrels as of last week, which the EIA considered to be at the upper half of the average range for this time of year.

Benchmark crude oil futures for November delivery ended higher by $0.25 or 0.5 percent at $52.13 a barrel on the New York Mercantile Exchange. Brent crude for November delivery lost 26 cent to $57.66 a barrel on the ICE.

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