The EIA reported a build of +10,176 MBbls in U.S. crude-oil inventories. In contrast, the market expected a draw of -432 MBbls as reported by Bloomberg.
Prices were up in the five minutes following the announcement, to $84.87 from $84.79 just before 10:00 AM.
Inventories for the U.S. are now at a deficit of 13.40 MMBbls (-3.1%) to last year, and a deficit of 14.40 MMBbls (-3.3%) to the five-year average.
