The EIA reported a draw of -6,368 MBbls in U.S. crude-oil inventories. In contrast, the market expected a build of +1,314 MBbls as reported by Bloomberg.
Prices were up in the five minutes following the announcement, to $83.35 from $83.07 just before 09:30 AM.
Inventories for the U.S. are now at a deficit of 8.00 MMBbls (-1.7%) to last year, and a deficit of 16.80 MMBbls (-3.6%) to the five-year average.
