EIA Reports US Crude Inventory Build, Offsetting Supply Fears
US commercial crude inventories rose by 922,000 barrels last week versus expectations of a draw, while Cushing stocks increased 553,000 barrels; gasoline and distillate inventories declined. Middle East export flows have recovered, easing supply concerns from the Iran conflict.
Original · ING AI summary of public reporting
Why: US crude inventory build → offsets supply fears
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At publication → CurrentCL— → 91.14—
BRENTOIL— → 102.21—
NATGAS— → 3.406—