US Weekly Private Inventory Data (bbls): Crude +3.7mln (exp. -1.6mln), Distillate -0.6mln (exp. -0.9mln), Gasoline -4.0mln (exp. -1.4mln), Cushing -0.6mln

The latest US weekly inventory data shows a significant build in crude oil stocks, rising by 3.7 million barrels against expectations for a decline. This unexpected increase in crude could pressure WTI prices, especially as gasoline stocks also reported a larger drop than anticipated, which juxtaposes the crude build and may impact refinery margins. Overall, the mixed data suggests some volatility in oil markets as traders assess supply dynamics alongside demand signals.