US Private Inventory Data (bbls): Crude +10.3mln (exp. -1.3mln), Distillate -10.4mln (exp. -1.3mln), Gasoline -3.2mln (exp. -2.2mln), Cushing +0.8mln

The significant increase in crude inventories, contrasting sharply with expectations for a decline, suggests a potential oversupply in the oil market. Meanwhile, the drawdown in distillate and gasoline inventories, although also lower than expected, could indicate ongoing demand resilience in those segments. This mixed data set may lead to cautious sentiment in crude prices while supporting the outlook for refined products.