U.S. crude oil inventories increased by more than expected last week in a fourth consecutive build, while product stocks declined, according to U.S. government data.

Oil futures ended higher Thursday, with investors shaking off a larger-than-expected rise in U.S. crude inventories.

Oil prices declined in Asian trading on Thursday following a one-week high, pressured by a surprise build in U.S. crude inventories and renewed geopolitical developments. Brent crude futures dipped 0.