US crude oil inventories rise 4.405 million barrels in week to August 14

US commercial crude oil inventories excluding the Strategic Petroleum Reserve rose by 4.405 million barrels to 428.8 million barrels in the week ended August 14, marking a third straight build and defying expectations for a 1.6-million-barrel decline in a Wall Street Journal survey. The U.S. Energy Information Administration said crude stocks were in line with the seasonal five-year average; crude at Cushing fell, gasoline rose and total distillates dropped 1.53 million barrels to 105.6 million. Within distillates, heating oil inventories fell 0.537 million barrels to 22.1 million after the previous week's 0.192 million-barrel build, but remained above the five-year average and about 8% higher than a year earlier, tempering immediate supply concerns even as export flows and winter demand expectations keep traders focused on the next reports.

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