New York oil prices mixed on news of surge in U.S. gasoline inventories

New York oil prices were mixed amid news that U.S. gasoline inventories rose unexpectedly.

On the New York Mercantile Exchange, West Texas Intermediate for January delivery closed at $68.72 a barrel, down 0.05 dollars and 0.07% from the previous session, its lowest level in about two weeks since the 15th.

Brent crude oil for January delivery, which is subject to international market comparisons, closed at $72.83 a barrel, up 0.02 and 0.03% from the previous session, freeing from a two-day losing streak.

Oil prices reversed course after the U.S. Energy Information Administration reported that U.S. gasoline inventories increased by 3.314 million barrels in the week ended 22nd, the largest increase since the second week of July.

"Given that record travel is expected this Thanksgiving, it is surprising that gasoline stocks have grown so much," energy market analyst Kapler said.