The EIA reported a build of +5,946 MBbls in U.S. crude-oil inventories. In contrast, the market expected a draw of -108 MBbls as reported by Bloomberg.
Prices were up in the five minutes following the announcement, to $75.66 from $75.56 just before 09:30 AM.
Inventories for the U.S. are now at a surplus of 31.50 MMBbls (7.4%) to last year, and a surplus of 4.80 MMBbls (1.1%) to the five-year average.
