The EIA reported a build of +1,372 MBbls in U.S. crude-oil inventories. In contrast, the market expected a draw of -477 MBbls as reported by Bloomberg.
Prices were up in the five minutes following the announcement, to $83.08 from $83.03 just before 09:30 AM.
Inventories for the U.S. are now at a deficit of 18.50 MMBbls (-4.2%) to last year, and a deficit of 22.30 MMBbls (-5.0%) to the five-year average.
