U.S. crude inventories rose 922,000 barrels, defying expectations of a decline, signaling ample supply that pressures WTI prices.
Impact on assets 3
Distillate inventories fell 2.2 million barrels, far exceeding the expected 200,000-barrel drop, tightening heating oil supply.
Surprise build in U.S. crude stocks signals looser global supply-demand balance, weighing on Brent crude.