The EIA reported a build of +597 MBbls in U.S. crude-oil inventories. In contrast, the market expected a draw of -1,039 MBbls as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $82.46 from $82.67 just before 09:30 AM.
Inventories for the U.S. are now at a surplus of 50.10 MMBbls (11.9%) to last year, and a surplus of 12.20 MMBbls (2.7%) to the five-year average.
