Crude oil futures declined on Wednesday, second day in a row after data showed crude supplies rose unexpectedly, while production jumped to a record all-time high last week offsetting a larger-than-expected draw in refineries. The Energy Information Administration (EIA) reported that inventories of U.S. crude rose by roughly 2.2 million barrels for the week ended Nov. 4. Gasoline inventories fell by 3.3 million barrels, while supplies of distillate fell by about 3.4 million barrels. U.S. crude oil imports averaged about 7.4 million barrels per day last week, down by 194,000 barrels per day from the previous week.

Benchmark crude oil futures for December delivery ended lower by $0.39 at $ 56.81 a barrel on the New York Mercantile Exchange. Brent crude for January delivery was down by $0.33 to $63.36 a barrel on the ICE.

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