Crude oil futures inched lower Thursday, a day after the government confirmed another huge drop in U.S. oil inventories.

The Energy Information Administration said crude inventories fell by 6.5 million barrels (bbl) in the week to Dec. 15, compared with analyst expectations for a decrease of 3.8 million barrels (bbl).

U.S. weekly production rose again, rising to 9.79 million bbl/d.

WTI light sweet crude oil was down 14 cents to $57.96 a barrel, trimming recent gains.

The material has been provided by InstaForex Company – www.instaforex.com

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