The US Energy Information Administration reported today that crude inventories rose 2.1 million barrels to 484.7 million during the past week, while analysts forecast a drop by 4.6 million barrels.
Gasoline stocks fell 100K barrels to 236.4 million barrels, and distillate stocks fell 1.3 million to 141 million barrels.
While the American Petroleum Institute (API) revealed yesterday in preliminary data that the US crude inventories fell 806K barrels during the same period.