U.S. EIA crude oil inventory change (10,000 barrels) for last week (as of 0731): 247.9

U.S. EIA crude inventories unexpectedly surged by 2.479 million barrels, far exceeding expectations, signaling rising supply pressure and potentially dampening easing expectations.

Last week, the U.S. EIA reported a change in crude oil inventory of 2.479 million barrels, well above the expected -1.506 million barrels and the previous figure of -7.167 million barrels. The unexpected sharp increase in inventory indicates rising supply pressures in the market, which may dampen expectations of monetary easing.