Renewed tensions in Nigeria's oilfields offset gains in crude and refined fuel supplies in the United States that were less-robust than traders had wanted to see.
The result was a 93-cent gain for November crude and a record settlement price of $52.02 per barrel. Heating oil and gasoline futures both gained a little more than a penny.
The nation's crude supply increased to 274 million barrels, which is still within the normal range for this time of year. The 1.1-million barrel buildup was much lower than last week's increase.
While the inventory reports released Wednesday showed a build in the United States' crude supplies, there was news an agreement between the Nigerian government and rebels in the oil-rich Niger Delta was falling apart.
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