Brent crude futures rose 17 cents, or 0.2 percent, to $85.99 a barrel, after increasing 0.9 percent the previous day.
And US West Texas Intermediate crude futures for November, which expired on Wednesday, rose 91 cents, or 1.1 percent, when they settled, after touching the highest level since October 2018. December contracts also rose 37 cents, or 0.4 percent, to $83.79 a barrel.
The US Energy Information Administration said that crude stocks in the United States fell 431,000 barrels in the week ending October 15 to 426.5 million barrels, compared to expectations of analysts polled by Reuters for an increase of 1.9 million barrels.
The government agency added that crude stocks at the delivery center in Cushing, Oklahoma, fell to their lowest level since October 2018, indicating a tight market that may take some time to reduce.
It said gasoline stocks fell 5.4 million barrels last week to 217.7 million barrels, their lowest level since November 2019.
Oil markets hit multi-year highs this week on the back of the global coal and gas crisis, which led to a shift to diesel and fuel oil for electricity generation.
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