FX.co ★ US Crude Stockpiles Hit Record High After Surprise Build

U.S. crude oil inventories experienced a significant increase of 19.1 million barrels for the week ending July 11, 2025, following a previous rise of 7.1 million barrels the week before. This marked the third consecutive week of inventory growth, propelling stockpiles to an unprecedented high. The unexpected and sharp rise caught markets off guard, which had forecasted a 2 million-barrel reduction.