FX.co ★ US Crude Oil Inventories Unexpectedly Rise

According to the American Petroleum Institute's recent data, U.S. crude oil stocks increased significantly by 4.29 million barrels for the week ending May 9, 2025. This rise in inventories contrasts sharply with the previous week's reduction of 4.49 million barrels. The substantial build, the most considerable in six weeks, caught the market off guard, as analysts had predicted a reduction of 2.4 million barrels.