EIA data shows commercial crude inventories climbed to 411.7 million barrels, remaining below the five-year average.
U.S. crude oil inventories increased by 2.0 million barrels for the week ended July 17, pushing commercial stockpiles to 411.7 million barrels. The build marks a continued rise in supplies, though levels remain 6% below the five-year average for this period.
The increase follows earlier industry estimates that reported a larger build of 2.603 million barrels. Stockpiles have fluctuated in recent weeks amid shifting refinery runs and export demand.
Market participants are monitoring inventory trends for signs of supply tightness or oversupply as summer driving season progresses.