US crude inventories rise unexpectedly as Gulf exports recover
EIA data showed US commercial crude inventories increased by 922,000 barrels last week versus expectations of a draw, while gasoline and distillate stocks fell sharply. Saudi Arabia resumed tanker loadings at Yanbu after restoring East-West Pipeline operations, with Gulf exports returning to near 2025 average levels of 23.3 million bpd, easing Middle East supply concerns; OPEC+ is expected to hold November production targets steady.
Original · Reuters AI summary of public reporting
Why: Unexpected crude inventory build → eased supply fears
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At publication → CurrentCL— → 91.13—
BRENTOIL— → 102.22—
NATGAS— → 3.405—