US crude futures trended lower this morning, after settling up for a tenth straight day near a 15-month high on previous day, as government report showed a surprise build in US crude inventories.
Nymex crude for February delivery was down 51 cent at $82.60 a barrel, after settling up $1.41 a day earlier, its highest close since October 9, 2008.
US Energy Information Administration (EIA) data showed an unexpected 1.3-million-barrel increase in crude oil stockpiles last week, while stockpiles of distillates, including heating oil, fell by a smaller-than-projected 300,000 barrels.
However, continuous weakening of the US dollar and expectations of a bigger inventory draw next week due to colder weather across much of the , kept a check on price decline.
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