The EIA reported a build of +1,328 MBbls in U.S. crude-oil inventories. In contrast, the market expected a draw of -1,100 MBbls as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $62.02 from $62.17 just before 09:30 AM.
Inventories for the U.S. are now at a deficit of 15.20 MMBbls (-3.3%) to last year, and a deficit of 27.10 MMBbls (-5.8%) to the five-year average.
