The EIA reported a build of +2,442 MBbls in U.S. crude-oil inventories. The build was larger than the average estimate of +1,777, as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $88.53 from $88.58 just before 09:30 AM.
Inventories for the U.S. are now at a down of 11.30 MMBbls (2.7%) to last year, and a surplus of 9.80 MMBbls (-2.2%) to the five-year average.
