The forward looking new orders index jumped to a six-month high in October, and is expected to continue to point to an economic expansion in the U.S. for November.
U.S. jobless data due at 1330 GMT will also provide clues as to the outlook for the world's no. 1 oil consumer.
The strength of the U.S. benchmark may pare the price difference with the European benchmark Brent to about $5 in 2012, Barclay's Capital analysts said in a note.
"In our view, WTI should not have traded at a severe discount to Brent or any other benchmark for most parts of this year in any case," Barclays Capital analysts led by Paul Horsnell and Amrita Sen said in a report.
A slide in crude oil inventories in the United States also supported prices, with stockpiles falling 1.1 million barrels as forecast, reflecting increased refinery utilisation rates.
Distillate supplies, which include heating oil and diesel fuel, dropped for the seventh consecutive week.
(Additional reporting by Manash Goswami; editing by Keiron Henderson)