The EIA reported a build of +5,202 MBbls in U.S. crude-oil inventories. In contrast, the market expected a draw of -247 MBbls as reported by Bloomberg.
Inventories for the U.S. are now at a deficit of 5.90 MMBbls (-1.4%) to last year, and a deficit of 21.70 MMBbls (-4.9%) to the five-year average.
