"The Energy Department's weekly inventory report outpaced analysts's expectations in more ways than one. Crude oil stockpiles fell more than predicted and gasoline inventories rose more than predicted.
Crude inventories fell by 4.7 million barrels or 1.2%, whereas experts had predicted the inventories to fall only around 1.5 million barrels. Inversely, gasoline stockpiles rose by 2.8 million barrels which was quadruple the estimate according to Bloomberg.
Demand for gasoline over the past four weeks was down 3.9% when compared to just a year ago. The Organization of the Petroleum Exporting Countries currently predicts the worldwide demand for oil to decline 11% next year."