U.S. Crude Oil Inventory Rose 4.66M Barrels Last Week vs. Analyst Expectations of Decline

According to the U.S. Energy Information Administration (EIA), crude oil inventory rose 4.66 million barrels last week, exceeding analyst expectations for a decline of 866,000 to 852,600 barrels.

Meanwhile, the American Petroleum Institute (API) reported crude inventory increased 8.968 million barrels for the week, rebounding from the prior week's sharp decline of 5.267 million barrels. API distillate fuel inventories fell 8 million barrels.

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