The EIA reported a build of +3,925 MBbls in U.S. crude-oil inventories. The build was larger than the average estimate of +3,925 as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $86.87 from $87.19 just before 09:30 AM.
Inventories for the U.S. are now at a surplus of 5.80 MMBbls (1.3%) to last year, and a deficit of 11.60 MMBbls (-2.6%) to the five-year average.
