
The EIA reported that U.S. crude inventories rose 1.2 million barrels in the week ended Jan. 3, against expectations of a decline.
Brent settled at $65.44 and WTI at $59.61 after falling sharply.
A surprise stock build signals ample U.S. crude supply, pressuring crude benchmarks lower. Weaker energy prices can reduce costs for diesel and freight used in feed logistics.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.