FX.co ★ US Crude Stockpiles Jump in Surprise Build

U.S. crude oil inventories saw a significant rise of 5.27 million barrels for the week ending January 9, 2025. This substantial increase contrasts with the previous week’s decline of 2.8 million barrels and represents the most considerable inventory buildup since late October. The latest data defied market forecasts, which had anticipated a depletion of 2 million barrels.