The EIA reported a draw of -5,400 MBbls in U.S. crude-oil inventories. The draw was larger than the average estimate of -1,240 MBbls as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $84.93 from $85.42 just before 09:30 AM.
Inventories for the U.S. are now at a surplus of 2.10 MMBbls (0.5%) to last year, and a deficit of 19.50 MMBbls (-4.3%) to the five-year average.
