EIA Crude Oil Stocks rise by 414K, lower than expected, WTI extends gains

The EIA has reported a build in US crude oil inventories in the week ending February 14 of 414,000 barrels. Expectations stood at an increase of 2.494 million. A lower increase in stored petrol is positive for oil prices.

WTI Crude Oil extends its gains above $54.50. 

more to come