US Private Energy Inventory Data (bbls): Crude +13.4mln (exp. +0.8mln), Distillates -2.0mln (exp. -1.3mln), Gasoline +3.3mln (exp. -0.4mln), Cushing +1.4mln

US Private Energy Inventory Data (bbls): Crude +13.4mln (exp. +0.8mln), Distillates -2.0mln (exp. -1.3mln), Gasoline +3.3mln (exp. -0.4mln), Cushing +1.4mln.

The US private energy inventory data reveals a substantial crude oil build significantly higher than expectations, suggesting weaker demand or supply overshoot. Meanwhile, the declines in distillates and gasoline inventories contrast with weaker forecasts, hinting at mixed underlying demand dynamics. This data could pressure crude prices as traders reassess supply and demand balances in the face of these unexpected inventory builds.