The EIA reported a build of +833 MBbls in U.S. crude-oil inventories. The build was larger than the average estimate of +711 as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $65.95 from $66.13 just before 09:30 AM.
Inventories for the U.S. are now at a deficit of 0.90 MMBbls (-0.2%) to last year, and a deficit of 17.80 MMBbls (-4.1%) to the five-year average.
