US West Texas Intermediate (WTI) futures increased 0.09 percent to $55.38 a barrel which was higher by $0.05 from its previous settlement of $55.33.
USA crude oil production C-OUT-T-EIA hit a record of 9.65 million barrels per day (bpd) this month, meaning US output has risen by nearly 15 percent since mid-2016.
The Energy Information Administration is out with the government's numbers this morning.
Benchmark Brent crude oil LCOc1 was up 76 cents at $62.13 a barrel by 1219 GMT, recovering some ground after five sessions of losses. The American Petroleum Institute on Tuesday had reported a 6.5 million-barrel climb, according to sources.
The West Texas Intermediate for December delivery was down 0.37 USA dollar to settle at 55.33 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery lost 0.34 dollar to close at 61.87 dollars a barrel on the London ICE Futures Exchange.
"After all, the need to further extend the agreement shows that the strategy is not working", commodity researchers at Commerzbank said, adding that the "key factor" was rising US shale oil output.
Analysts in a Reuters poll had expected a decrease of 2.2 million barrels.
The threat of higher shale production kept a lid on oil prices for much of 2017, but investors have recently become more optimistic on the market. As of November 7, long positions in crude oil outnumbered short positions by 317,806 contracts, the highest since April 18.
The perception that the Organization of the Petroleum Exporting Countries will extend a deal limiting oil production through March 2018 has helped support oil prices over the past few months.
Distillate inventories saw a decline this week, down 2.527 million barrels.
"It is far too early to write the obituary of oil, as growth for trucks, aviation, petrochemicals, shipping and aviation keep pushing demand higher", said Fatih Birol, executive director of the Paris-based IEA.
Global oil demand is expected to keep rising over the next two decades, albeit at a steadily decreasing pace, according to a new report released Tuesday by the International Energy Agency. But prices were still on track to fall almost 2 percent this week, as fears of oversupply in the United States weighed after government data showed output hit a record 9.65 million bpd last week. Analysts had expected a drop of 500,000 barrels.
The state-run Anadolu Agency said that Erdogan and Ataturk had both been depicted as an "enemy collaborator" in one of the drills. Initially, a technician used a picture of Ataturk he found online to represent enemy ranks.
McGoldrick was speaking to reporters in Geneva by phone from Amman, because he said flights into Sanaa were blocked. A malnourished Yemeni child receives treatment at a hospital in the port city of Hodeida on November 05, 2017.
The Pope chose to auction off the sports vehicle to benefit Christians persecuted by ISIS in Iraq, according to Vatican Radio . Since the Holy See's announcement, the Pope has blessed the sports auto and signed the hood during a ceremony in the Vatican.
Two ambulance crews, two ambulance officers and a rapid response vehicle were deployed, the South Central Ambulance Service said. Waddesdon Manor is owned by the National Trust, and boasts 6,000 acres of farm and woodland.
The first official two-minute trailer has one impressive jump scare and effectively conveys the tone for this 2018 thriller. Bryan Woods and Scott Beck wrote the original script which was rewritten by Krasinski.
That said, the company also pointed out that no customers had raised any complaints about the early departure. Japanese train services are famed for their punctuality, with significant delays relatively uncommon.
The 2017 Victoria's Secret Fashion Show is right around the corner, but two of the most anticipated invitees won't be there. Supermodel Adriana Lima's visa is in limbo due to a "diplomatic problem", according to Page Six .
Word of their rekindled friendship spread after the singer was spotted leaving Yolanda Hadid's ( Bella's mom) apartment in NYC . A source told People , however, that they want to keep their relationship more "private" even though they are 'happy'.
US President Donald Trump has previously said negotiating with North Korea would be "a waste of time". China is sending a special envoy to North Korea later this week, according to the state-run media.
Nebraska's unemployment rate was down 0.1 percentage points from September and 0.6 percentage points from October 2016. The Pennsylvania Department of Labor & Industry released its employment situation report for October 2017.
PT this morning, the San Joaquin County Sheriff's Office said, "as the result of a tip received from an alert taxi cab driver". Saito was committed to the state hospital in 1981 after his acquittal in the 1979 slaying of Sandra Yamashiro.
Some Apple iPhone users on AT&T can't make or take calls
AT&T's Twitter account has received hundreds of calls for service Wednesday afternoon, with a high of 1,200 reports at 5 p.m . In a statement, AT&T said it was "aware of an issue affecting some users' ability to make certain wireless calls".