The Energy Information Administration released its report on US crude stocks, showing a buildup of 5.8 million barrels in the week ending May 18, compared to a 1.4M drawdown in the previous reading, while analysts expected a 2.5M drop, with total stocks now mounting to 438.1 million barrels.
Gasoline stocks rose 1.9 million barrels, while distillate stocks, including heating fuel, fell 1.0 million barrels.