The EIA reported a build of +2,735 MBbls in U.S. crude-oil inventories. The build was larger than the average estimate of +1,427 as reported by Bloomberg.
Prices were down in the five minutes following the announcement, to $84.52 from $84.63 just before 09:30 AM.
Inventories for the U.S. are now at a deficit of 6.60 MMBbls (-1.4%) to last year, and a deficit of 7.90 MMBbls (-1.7%) to the five-year average.
