U.S. crude oil inventories rose unexpectedly last month, official data showed on Thursday.
In a report, Energy Information Administration said that U.S. Crude Oil Inventories rose to a seasonally adjusted annual rate of 0.431M, from -2.825M in the preceding month.
Analysts had expected U.S. Crude Oil Inventories to fall -2.306M last month.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.