Brent December crude slipped 78 cents to settle at $113.22 a barrel, aided by North Sea production and delays to cargoes, which are expected to ease.

US front-month November crude rose three cents to settle at $92.12 a barrel over a rise in inventories, according to new data released by the American Petroleum Institute.

US RBOB gasoline futures fell by two percent after a new weekly report by Energy Information Administration’s (EIA), which showed gasoline stocks rose 1.72 million barrels last week.

Crude stocks also rose 2.86 million barrels last week, more than the expected rise of 1.7 million barrels.

Dollar-denominated oil got support from the weak dollar as the euro currency reached a one-month high.

European Union levied new sanctions against major Iranian oil companies and Iran’s central bank, as the Western nations are pressuring Iran to end its nuclear programme, reports Reuters.