EIA reported a build of 15189 MBbls in U.S. crude-oil inventories for the week ending 12/4/2020. This was larger than the average estimate of -849 MBbls as reported by Bloomberg.
Prices were down five minutes following the announcement, to $45.41, from $46.02 just before 9:30am.
Inventories for the US are now at a surplus of 56.135 MBbls to last year and a surplus of 47.70 MBbls to the five-year average.
