Macro12:00 PM ET

US crude oil stocks rise 4.657 million barrels, defying draw expectations

By BORSA NewsroomPublished Nov 12, 2026, 12:00 PM ESTUpdated Nov 12, 2026, 12:00 PM EST

The DOE reported a weekly crude oil inventory build of 4.657 million barrels, versus the expected draw of 0.7 million barrels. The larger-than-expected build is bearish for crude prices.

Sentimentbearish 30

Bearish · 30 of 100

Impact60

medium · sector-wide

Confidence90%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

DOE weekly crude oil stocks: +4.657 million barrels
Consensus estimate: -0.7 million barrels
The US Department of Energy reported a weekly crude oil inventory build of 4.657 million barrels, sharply above the consensus estimate of a 0.7 million barrel draw.