The EIA reported a build of +4,070 MBbls in U.S. crude-oil inventories. The build was larger than the average estimate of +2,516 as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $72.08 from $72.16 just before 09:30 AM.
Inventories for the U.S. are now at a surplus of 8.20 MMBbls (-1.9%) to last year, and a deficit of 16.30 MMBbls (-3.7%) to the five-year average.
