November crude oil prices traded higher during the overnight and early morning hours, supported by talk of support for the European banking sector as well as supply concerns following yesterday's EIA data. Those concerns were triggered by the crude oil stocks report that showed a surprisingly large weekly decline of 4.679 million barrels. They remained 24.664 million barrels below year ago levels but 5.97 million above the five year average. Crude oil inventories in Cushing, Oklahoma came in at 30.09 million barrels, which was the lowest since March 2010. Part of the unexpected draw came from a plunge in crude oil imports, which were down 10.3% to a rate of 8.7 million barrels per day. The refinery operating rate slipped 0.1% to 87.7%, compared to 83.1% last year and the five year average of 85.21%.