API reported an increase of 951,000 barrels of crude oil inventories for the previous week ending Oct. 2 while the U.S. Energy Information Administration (EIA) reported a rise of 500,000 barrels.
Oil prices moved higher on Wednesday as traders awaited U.S. crude stockpiles data.
The West Texas Intermediate for November delivery climbed 84 cents to settle at 41.04 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 87 cents to 43.32 dollars a barrel on the London ICE Futures Exchange.
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